MIPIM 2019 (24.1 MB)

Investing in Austria
Logistics real estate
on the upswing
Demand continues to be very high. International developers have discovered the domestic logistics market
for themselves. One of the driving forces is the growing online trade. What’s more, this is also changing the
logistics real estate market.
by Ursula Rischanek
A
ustria as a logistics location
had received good grades
last year: the Alpine republic
ranked fourth in the World
Bank's highly regarded international Logistics
Performance Index (LPI). Since 2007,
Austria was once again ranked top five in
2018 and most recently before that, it ranked
seventh. The reasons for this advance are the
know-how of the companies, a high level of
training among the staff and the well-developed
infrastructure. Arguments that outweigh
the high labour costs.
Some newcomers to the market
It’s no surprise that international developers
are increasingly interested in the domestic
"The layout of our
modern logistics halls
is as if tailor-made for
the requirements of
Post Systemlogistik."
Christian Vogt,
DLH Austria
logistics market. One example is DLH Real
Estate Austria, a subsidiary of the Zech Group
from Bremen, which specialises in the development
and implementation of logistics
properties and is building the "Industrial
Campus Vienna East" in Enzersdorf an der
Fischa in Lower Austria. According to their
own estimation, it is the largest logistics park
in Austria. The existing space is to be expanded
by a further 40,000 square meters by
autumn. The company claims that the final
planning for the construction of three additional
halls with an area of 17,000 square meters
is currently underway and talks are also
being held with a company interested in the
realisation of a further 21,000 square meters
of logistics space. In addition, they recently
received an enquiry for a new project with a
total area of 27,000 square meters. In the end
the total area of new logistics space should be
160,000 square meters.
As a first step, Post Systemlogistik rent a hall
with 6,300 square meters of storage space at
the ‘Industrial Campus Vienna East’ and subsequently
a second, congruent hall directly
adjacent to it. The Post subsidiary will also
move into a 300 square meters office space.
"Post Systemlogistik has been looking for a
location that combines ideal transport connections
with modern in-house logistics for
some time now. The site in Enzersdorf an der
Fischa is proving to be an excellent property
that meets our requirements", says Wolfgang
Einer, Head of Logistics Services at Österreichische
Post, which the subsidiary "Post
Systemlogistik" is also part of. "The layout of
our modern logistics halls is as if tailor-made
for the requirements of Post Systemlogistik",
says Christian Vogt, Country Manager DLH
Austria.
Speaking in favour of this location is the fact
that Vienna International Airport is in the
immediate vicinity, the city centre of Vienna
and the Post logistics centre in Inzersdorf
are just 30 minutes away. The new parcel
centre in Hagenbrunn, which will go into
operation in mid-2019, can also be reached
in just 60 minutes. In addition, the location
to the east of the capital provides ideal
connections to the neighbouring countries
Slovakia, the Czech Republic and Hungary.
Hamburg-based Garbe Industrial Real Estate
has also entered the Austrian market. The
ground-breaking ceremony for a 20,500
square meter logistics center in Steyr (Upper
Austria) began in December last year and the
completion is scheduled for August 2019.
Industrie-Logistik-Linz will then provide
contract logistics services there on behalf of
BMW Motorenwerk in Steyr. Garbe Industrial
is investing around 18 million Euros in the
project. The building will be equipped with 10
rear-unloading doors and 6 sectional doors
for side unloading. In addition, there will
be about 550 square meters for offices and
socialising areas. The 42,000 square meter
site is not only in the immediate vicinity of
the BMW Group Motorenwerks Steyr, it is
also close to the production site of the commercial
vehicle manufacturer MAN Truck
& Bus. "The Austrian market for logistics
64 ImmoFokus