January 4, 2022
Helios Logistics GmbH has announced plans for a €130m speculative warehouse development after exchanging contracts with Vienna Airport Company to acquire a 22-ha site adjacent to the international airport.
Helios has submitted proposals to the local municipality for a development of 68,000 square metres of logistics space with a gross development value of €130m. An 8 MW solar farm will also be built alongside to provide power to the development.
Trevor Cartner, chief executive of Helios, said: “We see Vienna as a major growth market where demand for prime logistics space currently exceeds supply and we aim to capitalise on that by building out the entire site speculatively starting in June 2022.The site is less than 30 minutes from the city centre and around 60 minutes from Bratislava.”
Senior debt has been arranged with Erste Bank and CBRE are appointed as letting agents.
