Deka Immobilien has signed a purchase agreement for the logistics project development ‘Alpha 1’ on the Industrial Campus Vienna East in Austria.
Seller and developer is Deutsche Logistik Holding, a subsidiary of the Zech Group. The deal was signed at the end of December.
The modern logistics hall, comprising a total of around 38,000 sqm of usable space, is being built for a well-known tenant and is located approximately five km south of Vienna Airport.
The purchase was made as part of an asset deal for Deka Immobilien’s institutional sector fund WestInvest TargetSelect Logistics. The transfer of ownership, benefits and burdens is scheduled to take place after completion in the second quarter of 2024.
Together with DLH Austria, Deka Immobilien has realized the seventh property in the Industrial Campus Vienna East with “Alpha 1”. The logistics campus covers a total of 150,000 square meters, making it the largest of its kind in Austria. It is located in the border region of Austria, the Czech Republic, Slovakia and Hungary and is in the immediate vicinity of Vienna Schwechat International Airport.