AEW enters Austrian logistics market

AEW has purchased a prime new logistics property in Vienna. The high-quality, cross-dock facility was acquired on behalf of a German separate account investor.

The property is fully let to DHL, the world’s leading logistics provider, on an 18-year lease (with first break at 10 years) and subleased to Österreichische Post as part of the strategic partnership between the two companies. Constructed in 2019, the asset comprises 11,600 square meters (tk square feet) of leasable area, as well as 40,000 square meters (tk square feet) of outside space.

The facility is situated in the Hagenbrunn submarket of Vienna, with direct connections to the A5 and A8 motorways connecting Vienna to the Czech Republic and Slovakia, and to Federal Road 7, leading to Vienna’s city center. Vienna is Austria’s largest and most important logistics market both with regards to serving the capital city’s large consumer base with its ecommerce requirements, as well as the strategically