Garbe Industrial Real Estate is further expanding its business activities in Austria with the acquisition of a 74,000m² plot of land in the market town of Kottingbrunn, around 30 kilometres south of Vienna. A multi-user property is to be built on the site, which will be suitable for contract logistics and warehousing service providers, as well as for medium-sized businesses. Construction is scheduled to begin in September 2022.
"The Vienna region is one of the logistics hotspots in Austria with strong demand for modern logistics space," said Jan Dietrich Hempel, Managing Director of Garbe Industrial Real Estate, explaining the land purchase. "I am certain that our planned new building will be accepted by the market as an extremely attractive offer of space."
A modern multi-user property with a total area of around 43,500m² is to be built in Kottingbrunn with almost 34,900m² of warehouse and storage space as well as 6,400m² of mezzanine. There are also plans for 2,200m² of office space in an annex in front of the building. The property is to be equipped with 36 loading gates for the efficient receipt and dispatch of goods. In addition, various parking spaces for cars and trucks are planned.
"We are investing a total of around €47m in the site," said Jan Dietrich Hempel. "We attach great importance to resource-saving and high-quality construction methods. In general, our aim is to build as compliant as possible with ESG criteria, i.e. to focus on the aspects of the environment, social and governance in all projects and to reduce the property's carbon footprint with appropriate on-site measures." The new building in Kottingbrunn is scheduled for completion in September 2023.
