Thanks to its central location at the intersection of important European transport routes, Austria offers optimal access to the growth markets in Central and Eastern Europe.
In 2018, SOINI ASSET invested in a new logistics property with expansion potential in Eberstalzell at the Voralpenkreuz (Upper Austria), one of Austria’s most important transport hubs, through the SOINI ASSET IMMOBILIEN Europa I fund. After completion of the new building, the approximately 60,000 sqm property will have a rental area of 23,975 sqm. Long-term rental contracts for the existing and new buildings were concluded before the start of construction. The sale to an institutional investor took place in 2019.
“In particular, the ideal location at the traffic-important Voralpenkreuz, in close proximity to the north-south connection and west-east connection (Germany to Hungary/Eastern Europe), tipped the scales in favour of this investment. Long-term fully leased logistics properties at locations of this quality are rare!”
Nino Stricker-Neumayer, SOINI ASSET
Logistics
Logistics properties in Austria
Eberstalzell
Financial investor, developer, asset manager
23,975 sqm
Sold
28. March 2023
