Frasers Property Europe (FPE), part of Singapore-incorporated Frasers Centrepoint, has acquired a logistics portfolio in Austria from Tristan Capital Partners and its joint venture partner. 

vienna airport

Vienna Airport

The property portfolio consists of three institutional grade logistics warehouses, located near Vienna airport and in Graz.

The assets comprise over 46,000 m2 of lettable area and have a weighted average lease expiry (WALE) of four years.

They are fully occupied and leased to international companies. The airport properties, located in Schwechat's cargo zone, have 3PL providers as tenants. The third property located in Graz has an occupier base that is closely linked to the region’s automotive sector.

FPE said its strategy was to continue acquiring and developing state-of-the-art logistics properties in its three core markets of Germany, Austria and the Netherlands.