MIPIM 2019 (24.1 MB)
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eal estate has a relevant size. Companies<br />
are increasingly discovering that rent can be<br />
a more attractive option than making their<br />
own investments. Following acquisitions, we<br />
now want to have a stronger presence in this<br />
market with developments,” said Jan Dietrich<br />
Hempel, CEO of Garbe Logistic.<br />
Belgian VGP is also showing its presence in<br />
Austria: at the end of last year, the Group<br />
acquired a leased warehouse building in<br />
the Styrian provincial capital of Graz. The<br />
warehouse, with around 17,000 square meters<br />
of rentable space, is presently being used<br />
by the automobile manufacturer of Magna<br />
Steyr. In addition to the existing property,<br />
VGP also has the opportunity to develop a<br />
further 45,000 square meters of rentable<br />
space for future customers.<br />
Already in July 2018, the iLogistics Center<br />
was put into operation to expand the cargopartner<br />
logistics company's business location<br />
in Fischamend, also in Lower Austria. With a<br />
total area of 12,250 square meters, the logistics<br />
center located in the immediate vicinity<br />
of Vienna Schwechat Airport, offers 24,500<br />
pallet storage spaces as well as a small parts<br />
"The Austrian market<br />
for logistics real estate<br />
has a relevant size.<br />
Companies are increasingly<br />
discovering<br />
that rent can be a more<br />
attractive option than<br />
making their own<br />
investments."<br />
Jan Dietrich Hempel,<br />
Garbe Logistic<br />
warehouse with 32,000 containers. Speaking<br />
of the airport, there is around 40,000 square<br />
meters of logistics space available in the Airport<br />
City itself.<br />
Amazon in Lower Austria<br />
The distribution center of the Internet giant<br />
Amazon in Großebersdorf, Lower Austria,<br />
has also been in operation since October<br />
2018. In the warehouse of around 9,800<br />
square meters near the Eibesbrunn motorway<br />
junction, parcels from other European Amazon<br />
logistics centers are now being processed<br />
for delivery to local customers.<br />
The latter two projects also represent two<br />
strong trends: on the one hand, the growth<br />
of online trade leading to increasing demand<br />
for logistics space and on the other hand,<br />
in addition to the storage space for pallets,<br />
there is an increasing demand for small<br />
parts warehouses as a result of the growing<br />
practice of shopping from home. This is not<br />
only where the goods are stored, but also<br />
where the parcels are packed.<br />
Hotspots Vienna, Linz, Graz<br />
In addition, another fact has become very<br />
clear: the hotspots of the Austrian logistics<br />
market continue to include Vienna and its<br />
surroundings as well as Linz and Graz. According<br />
to data of RE/MAX Commercial, the<br />
demand of logistics specialists, who want to<br />
settle in the greater Wiener Neustadt area,<br />
continues to be very high. The result is rising<br />
land prices: according to RE/MAX a price<br />
of 170 and 250 Euros per square meter are<br />
already being paid around Wiener Neustadt.<br />
A similarly high demand is driving the prices<br />
upwards within the range south of Vienna,<br />
for example in Himberg. The current price<br />
for a square meter there is approximately 150<br />
Euros. In the greater Linz area, the land prices<br />
meant for logistics development - depending<br />
upon proximity to the main transportation<br />
routes - run between 100 and 130 Euros and<br />
rising according to RE/MAX.<br />
The commercial real estate specialist CBRE<br />
expects that the already fierce competition<br />
for land reserves on the outskirts of the city<br />
will continue to grow since the international<br />
participants have entered onto the parcel logistics<br />
market. Based on the good economic<br />
situation and the increasing on-line trade, the<br />
"Post Systemlogistik<br />
has been looking for a<br />
location that combines<br />
ideal transport connections<br />
with modern<br />
in-house logistics for<br />
some time now."<br />
Wolfgang Einer,<br />
Logistic Services<br />
Österreichische Post<br />
high demand by international developers will<br />
continue. CBRE outlines the trends for <strong>2019</strong><br />
in the Austrian real estate market, saying that<br />
the increasing completion volume of thirdparty<br />
project developments and the growing<br />
interest in sale and lease-back transactions<br />
will lead to higher investment activity in the<br />
domestic industrial and logistics market in<br />
<strong>2019</strong>. The present conversion potential of<br />
existing Class B and Class C properties will<br />
therefore continue to gain importance in the<br />
future.<br />
Trend towards city logistics<br />
City logistics, better known as stations on the<br />
way between the large logistics centers on<br />
the outskirts of the city and the consumers<br />
is also becoming an increasingly important<br />
topic. Delivery services, but not only those,<br />
are renting empty shops in the cities or setting<br />
up containers from which the goods<br />
are either distributed further or collected by<br />
the customers. In Austria, for example, DPD<br />
operates hubs in such a way in Vienna, Linz<br />
and Salzburg. But it is not only the delivery<br />
staff who are interested in inner-city logistics<br />
space. More and more commercial enterprises,<br />
in fact not only the huge online retailers<br />
such as Zalando or Amazon, are stirring up<br />
the market conditions and setting up their<br />
own logistics structures.<br />
n<br />
<strong>MIPIM</strong> <strong>2019</strong><br />
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