Frasers Property increases exposure to European core logistics

Frasers Property Europe has acquired a property portfolio from Tristan Capital Partners and its joint venture partner via the acquisition of 100 percent of the shares of the respective subject entities.

The property portfolio consists of three institutional-grade logistics warehouses in Austria. The three properties comprise more than 46,000 square meters (495,000 square feet) of lettable area.

Two of the properties are leased to renowned 3PL providers and are directly located on the grounds of the Vienna International Airport’s cargo zone. The third property, located in Graz, has an occupier base that is closely linked to the region’s automotive sector.

The acquisition further enhances Frasers Property’s exposure to core logistics properties in continental Europe. The company’s strategy is to continue acquiring and developing state-of-the-art logistics properties in its three core markets Germany, Austria and the Netherlands.