Flexiparks announced the launch of a long-term strategic joint venture with Belgian investment company SmartUnit NV, following the successful sale of two multi-let industrial parks that comprise the Flexiparks Vienna North development. This partnership marks a significant milestone in Flexiparks’ growth journey and sets the stage for future-oriented expansion in sustainable and adaptable industrial real estate across Austria and target European markets.
“We view this joint venture as a strategic and meaningful step forward,” said Dieter De Saeger, CEO of SmartUnit NV. “Austria offers strong market fundamentals, and by partnering with an innovative and experienced company like Flexiparks, we are well positioned to achieve sustainable growth with valuable regional expertise.”
This new joint venture builds on the success of Flexiparks Vienna North to establish a scalable platform for future growth. Flexiparks will lead development, asset management, and leasing, while SmartUnit assumes the role of financial partner, enabling rapid expansion while ensuring quality and operational integrity.
“The joint venture enables Flexiparks to grow with the right kind of partner — one who shares our values of quality, speed, and trust,” said Hans A. van Luijken, Partner at Flexiparks Group. “We look forward to expanding our concept into selected European countries with the same local and international, people-first approach.”
“We’ve built our brand around being approachable and responsive,” added Sebastian Scheufele, Partner at Flexiparks Group. “Companies need spaces that are functional, flexible, and fast to lease – that is what Flexiparks aims to deliver.”
With a deep understanding of SME tenants as well as international, large-scale companies, and a clear vision for future-proof multi-let industrial parks, Flexiparks developments offer more than just square metres: they provide flexible, scalable units of 250–300 m², integrated office space, and high sustainability standards – all tailored to meet the needs of today’s urban logistics, light production, and research & science companies.
Flexiparks Vienna North – located in one of Vienna’s most dynamic industrial zones – showcases the strength of the Flexiparks concept. The first project involves two properties in the north of Vienna: one is a completed 4,400 sqm multi-let industrial park, already fully leased to 12 tenants from various industries. The second, currently under construction, will add another 5,700 sqm of space, around 30 percent of which is already pre-let or under active negotiation. These strong leasing results underscore the market demand for well-located, modular units that cater to the specific needs of small and mid-sized businesses, as well as globally active enterprises seeking flexible and sustainable space solutions.
“This partnership is about more than buildings,” concluded Jean-Paul Sols, Chairman of SmartUnit NV. “Flexiparks Group share the same strategic vision. It is about creating state-of-the-art light industrial properties corresponding to the needs of a very diversified tenant base of SMEs as well as corporates. With the focus on this type of assets, we share a strong belief that this type of real estate corresponds to the demands of a wide range of institutional investors.”
The joint venture will initially focus on expanding Flexiparks’ footprint within Austria and into neighbouring markets. In addition to regional growth, the partners are also planning urban logistics projects that meet the rising demand for city-close, last-mile delivery hubs. All parks developed under the joint venture will be ESG-certified to DGNB Gold standards – a clear reflection of the shared commitment to sustainable, high-quality industrial real estate that is ready for the future.
