Allianz Real Estate has invested €72m on behalf of several Allianz group companies to buy a last-mile logistics facility in Austria’s capital.
The €71.5bn asset manager said it has acquired the special purpose vehicle that owns the newly built, last-mile logistics facility in southern Vienna from Exeter Property.
The prime facility is single tenanted by Amazon and is one of the company’s delivery stations in the region.
Allianz Real Estate currently manages an €8.8bn global logistics portfolio, with Europe contributing €3.8bn to the portfolio.
Thomas Villadsen, director Austria and CEE at Allianz Real Estate, said:
“We’re delighted to be able to acquire this highly attractive hub with a prime tenant servicing the high-growth, urbanised Vienna market.
“Austria has not yet been viewed as a traditional logistics hub but this is an exceptional last-mile asset in an outstanding location.”
Hugues Braconnier, the head of logistics at Allianz Real Estate, said: “While we have acquired logistics assets in North & Central Europe indirectly, this is our first direct transaction in the region.
“We have built, and continue to build, one of the most well-positioned logistics portfolios globally, including last-mile centres, and this facility in Austria again underscores our focus on the highest quality assets.”
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