GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading specialists for logistics, light industrial and technology properties in Germany and other countries in Europe, is moving ahead with its expansion plans for Austria. Franz Kastner (39) was appointed as Managing Director of GARBE Industrial Real Estate Austria, a subsidiary formed in 2022.
Invesco Real Estate, the global real estate investment business of Invesco Ltd. (NYSE: IVZ), has further increased its exposure to the European logistics sector with the acquisition of a 45,000 sqm freehold site in Traiskirchen, Austria. The acquisition has been completed by Invesco’s European Value Add Fund II (EVAF II).
At the dawn or dusk of every recession, the time comes for some to reopen the Austrian economic textbooks (well, grimoire might be more appropriate). And on such occasions, the time to close them arises promptly.