The Tribuswinkel site, located 20km south of Vienna, did previously host an existing property which has been demolished and will be replaced by a c.31,000 sqm Grade A logistics facility comprised of four independent units. Set to complete in Q3 2024, the site is being developed in conjunction with Propel Industrial, a Vienna-based developer which specialises in the development of prime logistics assets. 

The new building will target the highest sustainability standards and a minimum ÖGNI Gold certification, the Austrian equivalent to the German DGNB. It will utilise a heat pump heating system, extensive solar panels on the roof, smart metering, and highly efficient LED lighting. 

Located on the major A2 motorway, the main connection between Vienna and Graz, the two biggest cities in Austria, the Tribuswinkel site is also less than one hour from Bratislava, the capital of Slovakia. 

Vienna, one of the wealthiest areas within the European Union and responsible for around 25% of Austria’s GDP, remains underserved by modern industrial assets. Historically characterized by old stock, more than half of the existing space now corresponds to class A assets. Demand remains high, however, with vacancy rates for class A and B facilities continuing to maintain very low at 0.8% in 2023 

You can now read the full press release at the link below