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BNP Paribas REIM Germany purchases logistics portfolio in Austria for EIPF fund
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Germany has acquired the 4Urban logistics portfolio in Austria from Frasers Property Industrial on behalf of the European Impact Property Fund (EIPF).
The real estate portfolio comprises four logistic and warehousing assets for a total surface area of 71,000 square meters (764,240 square feet). It includes one asset located in the 11th district of Vienna City, two assets at the Vienna international airport, and one within the business and commercial agglomeration of Messendorf in the city of Graz.
The assets are leased to a diverse tenant mix. Such variety also means risk diversification, making the portfolio particularly attractive to fund investors, according to BNP Paribas.
“We would like to thank Frasers Property Industrial for the excellent collaboration. Being able to include these four assets, all of which are situated in great locations, in our portfolio is an excellent opportunity to ex