DORDA Supports DLH Austria in the Sale of Logistics Objects
December, 2019 - Austria
Stefan Artner, DORDA partner and head of the real estate practice group, and Marie-Luise Pugl, real estate lawyer at DORDA, advised DLH Real Estate Austria, a company of the family-run Zech Group, on the sale of logistics properties near airport Vienna-Schwechat. The buyer is the German company Deka Immobilien; the parties have agreed not to disclose the purchase price.
The two logistics properties "Gamma 1" and "Gamma 2" acquired by Deka Immobilien are located on the Industrial Campus Vienna East, near airport Vienna Schwechat. Once completed, the Industrial Campus Vienna East will cover more than 120,000 sqm and will be the largest logistics campus in Austria. The Gamma 1 and 2 distribution centres have a total area of almost 33,000 sqm and are already fully leased.
DORDA also advised owner and project developer DLH Austria on the sale of two further buildings on the logistics campus to Deka Immobilien as part of a forward purchase. "Alpha 2" and "Gamma 3" are to be completed by the middle of next year and will then have a rentable area of over 41,000 sqm with 131 parking spaces. Hornbach Baumarkt AG, among others, has already been confirmed as a tent.
"We have already been legal advisors to DLH Austria in the past and are delighted that we have also supported the successful sale of this project," says Stefan Artner, head of DORDA's award-winning real estate practice group. Marie-Luise Pugl and Stefan Artner were supported in the real estate transaction by associate Markus Buchleitner from the DORDA Real Estate Team.
DLH Real Estate Austria is part of Deutsche Logistik Holding. It develops a wide range of flexible storage, industrial and production facilities, which are provided at high-quality locations in Germany and Austria. DLH Austria is part of the Real Estate division of the family-run Zech Group with over 8,000 employees.
