GARBE Pushes ahead with its Expansion in Austria

GARBE Industrial Real Estate GmbH (“GARBE”), a leading specialist 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. Before his new job at GARBE, Kastner worked for CBRE Austria for more than twelve years. As team head in the industrial and logistics real estate segment, he played an instrumental role in the professionalisation of Austria’s logistics real estate market.
The GARBE Austria team is further reinforced by Maximilian Grantner, another specialist for properties and lettings transferring from CBRE, and by Matthias Strobl, previously working as investment manager for LLB Immo Kapitalanlagegesellschaft mbH. These three are joining Jennifer Schödl and Maximilian Rameis, who have been working for GARBE in Austria as technical project developers and commercial project developers, respectively.

Franz Kastner, the new Managing Director of GARBE Austria, said: “After twelve successful years with CBRE in the field of industrial and logistics real estate, I’m looking forward to my new role as a property developer and investor, and exciting projects in Austria. We are specifically planning to shift the focus more toward the support for occupiers, and to implement both rental and ownership solutions on greenfield and brownfield properties.”

Maik Zeranski, Head of Project Development GARBE, commented: “In Austria, we are in the process of developing the new company site of about 28,000 sqm for Amann Girrbach in Mäder (Vorarlberg) and a speculative development of 42,000 sqm in Kottingbrunn (Lower Austria). In addition, we manage another five properties in the Vienna and Linz metro areas, so that our assets under management add up to a total floor area of 210,000 sqm and a total volume of 220 million euros. With its latest members aboard now, the team will steadily expand this portfolio in the years ahead.”

Adrian Zellner, Head of Business Development at GARBE, said: “We have gathered proven experts with in-depth experience in the logistics real estate market of Austria and with extensive networks in our new team. Under the leadership of Franz Kastner, they will drive our expansion and further consolidate GARBE’s footprint in this major strategic market.”