MODESTA REAL ESTATE ACTS AS ADVISOR FOR SALE OF LOGISTICS CENTRE TO AN INSTITUTIONAL INVESTOR
Modesta Real Estate was able to facilitate the sale of a fully-let logistics centre with a warehouse space of approximately 24,000 m² and land area of about 52,000 m² in Lower Austria, near Vienna. The property is ideally located in the 3-country hub Austria-Slovakia-Hungary. Because of its excellent transport connections, among other aspects, the location is ideal for the market development of the southeastern economic area. “The state of Lower Austria is becoming an important hub in the heart of Europe with exemplary technology development and steadily-rising export figures in the sector of the emerging markets in the CEE region,” emphasizes Sebastian Scheufele, SIOR and managing partner at Modesta Real Estate. The parties have agreed to maintain confidentiality about the details of the transaction.