24.06.2020
Artikel Nummer: 32500
Segro exits Austria
Segro has sold City Park Vienna, which comprises a cross-dock warehouse, a recently developed urban warehouse park and development land, to Nuveen Real Estate. The asset was sold for EUR 65 million, in line with the December 2019 book value.
The warehouses total 20,100 sqm of space, comprising an 8,200 sqm fully let cross-dock facility and a recently completed 11,900 sqm urban warehouse scheme, which is over 40% let.
There is an additional 61,000 sqm of development land with building permits in place for a further 39,000 sqm of urban warehousing. This disposal concludes Segro’s presence in Austria, in line with the group’s strategy. (mw)