BNP Paribas REIM acquires Vienna logistics centre with around 32,000 m² for its ELF fund - optimisation of the last mile for main tenant Amazon

Munich, 20 February 2023 - BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired a fully let logistics property on Schemmerlstrasse in Vienna's eastern district of Simmering for its Eurozone Logistics Fund (ELF). The main tenant since completion in early 2021 and summer 2022 has been Amazon Transport Austria GmbH. Ideally located within the Austrian capital, the property supplies the city and region of Vienna on the so-called last mile. The logistics property has a total lettable area of more than 31,000 m2. The majority of this is accounted for by a newly built distribution centre leased to Amazon with a car park equipped 100% with charging stations. Another warehouse, also located on the site, was built in 1973, extensively refurbished in 2021 and let to other users. The seller is Go Asset Development GmbH, which specialises as a turnkey project developer for logistics and industrial properties in Austria.

Thanks to the excellent connections to the regional and urban road network, 2.3 million inhabitants can be reached from there within a 30-minute drive. The nearest motorway junction (A23/S1) is around 10 minutes away by car. Vienna International Airport is less than 20 minutes away by car. There is a bus stop right next to the site.

The logistics segment continues to be in high demand. The excellent transport connections and the sustainable concepts of the new buildings are a key factor in this. The ESG concept includes a photovoltaic system on the distribution centre, energy reduction in the existing building, LED lights, e-charging stations in the waiting and loading area and 41 newly planted trees. BREEAM certification has already been obtained for the refurbished hall and the distribution centre.

"This property has everything a modern logistics centre needs. A sustainable focus, a strong main tenant with a secure cash flow and an excellent location for the last mile. In the region around Vienna, in the economic centre of Austria, the importance of logistics properties will continue to develop positively in the coming years," says Isabella Chacón Troidl, CEO at BNP Paribas REIM Germany.

CBRE acted as broker. Legal advice was provided by the law firm CMS Reich-Rohrwig Hainz Rechtsanwälte.

The Eurozone Logistics Fund is a SICAV-SIF domiciled in Luxembourg and is aimed at institutional investors. The investment strategy aims to invest in logistics assets with a strong sustainable development dimension, allowing for geographic diversification within the Eurozone logistics sector. This is the latest acquisition of the fund, which has now finalised its investments and holds 15 A-grade assets in 6 different countries.

Copyright image: Go Asset Development
 
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About BNP Paribas Real Estate Investment Management

BNP Paribas REIM, a division of BNP Paribas Real Estate, offers a wide range of property funds and investment solutions. With BNP Paribas REIM, you invest in property as a living asset. As a company with deep roots in Europe, we have a detailed understanding of the local markets. With 360 employees, we sustainably manage property assets for our more than 230 institutional investors and more than 140,000 private investors. We believe in applying ESG criteria to harmonise social, environmental and financial performance. We also use innovation to adapt to the risks and opportunities of today and tomorrow in the best possible way. in 2022, BNP Paribas REIM managed €29.7 billion in European assets on behalf of institutional and private investors.

BNP Paribas Real Estate Investment Management consists of regulated companies in the following countries: France, BNP Paribas Real Estate Investment Management S.A.; Italy, BNP Paribas Real Estate Investment Management Italy SGR; Germany, BNP Paribas Real Estate Investment Management Germany GmbH; United Kingdom, BNP Paribas Real Estate Investment Management UK Limited; Luxembourg, BNP Paribas Real Estate Investment Management Luxembourg S.A. Each legal entity responsible for offering products or services to clients is identified in the product documents, contracts and related information. This is a marketing communication. Please refer to the regulatory documents (fund prospectus, information notices or detailed characteristics) and the fund information documents before making a final investment decision
Further information: www.reim.bnpparibas.de
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About BNP Paribas in Germany

BNP Paribas is the European Union's leading bank and a major player in international banking. The BNP Paribas Group has been active in Germany since 1947 and has successfully positioned itself in the market with 12 business units. Private clients, companies and institutional clients are served by around 6,000 employees throughout Germany in all relevant economic regions.