TH Real Estate's second Austria fund fully invested

TH Real Estate’s second Austrian-focused real estate fund is now fully invested.

The manager said it bought the Stadlau retail warehouse in Vienna for its Österreich Fonds Nr.2 vehicle.

The vehicle, a follow-on fund to the 2002 vintage Österreich Fonds Nr.1, was launched by Warburg-Henderson in 2011.

The fund, which has a core and core-plus focus, has invested €300m in the country’s retail and office sectors.

David Moese, managing director and head of property investment for Austria, said: “The fund continues to perform well, and the Stadlau retail warehouse park, with its superb connectivity and flexible structure, brings the acquisition phase to its optimal conclusion.”

The 7,700sqm retail warehouse park, in Vienna’s Donaustadt district, is let to tenants including Toys “R” Us and the Dänisches Bettenlager home furnishing store.