Deka Immobilien has made another investment in Austria by signing a contract to purchase the Alpha 1 logistics development project at Industrial Campus Vienna East at the end of December. Deutsche Logistik Holding, a subsidiary of Zech Group, is the seller and developer.
The modern logistics facility comprises a total useable area of around 38,000 sqm and is being built for a well-known tenant. The purchase formed part of an asset deal for the institutional sector fund WestInvest TargetSelect Logistics. The transfer of ownership, risks and rewards is scheduled to take place after completion in the second quarter of 2024.
Alpha 1 is the seventh property that Deka Immobilien has made possible at Industrial Campus Vienna East in partnership with DLH Austria. The logistics campus measures 150,000 sqm in total, making it the largest of its kind in Austria. It is located near the borders of Austria, the Czech Republic, Slovakia and Hungary, and is very close to Vienna International Airport, in Schwechat.