SEB Asset Management has acquired its first property in Enns, Austria, for its specialist real estate fund SEB Europe REI. The property, with a total lettable space of c. 33,700 m², is under lease to C&A Mode Gesellschaft mbH & Co until the end of 2020 and serves as a distribution center.
The successful disposal of the property by REDEVCO Central Europe reflects RETDEVCO's strategic focus on retail real estate. The parties have agreed not to disclose the purchase price.
The excellent infrastructure of Enns in Upper Austria makes it an ideal location for a logistics center. The property at Fabrikstrasse 13 is just a few minutes from both the port of Enns the third largest on the Austrian part of the Danube and from access to the A1 motorway. C&A uses the center to supply its stores in Austria, the Czech Republic and Slovenia.