INVESTIKA Real Estate Fund, the largest Czech and Slovak non-bank open-ended mutual real estate fund for retail investors, has entered the Austrian real estate market. The Fund acquired the CAE Aviation Training Centre near Vienna Airport for over €30 million from Propel Industrial Holding, an independent real estate investment boutique active in Austria, Germany, and the Netherlands. Thanks to this acquisition, INVESTIKA Real Estate Fund has been geographically and industry-wise diversifying its investments across five European countries already.
The CAE Aviation Training Centre is located near Vienna International Airport in Schwechat with direct connection via the A4 motorway to the centre of Vienna. The prime light industrial and office asset with 8,077 sqm GLA was prepared as a built-to-suit project for the Canadian company CAE Inc.
The acquired asset has an excellent sustainability profile. The timber framework was used in its construction. The property runs on the modern BMS system. It has been saving energy by using the installed LED lighting and will use alternative sources of energy (photovoltaic panels to be installed on the roof). The rainwater is being collected and reused. There is a parking area with 88 lots and chargers for electric cars. The asset has been undergoing Öthe GNI Gold certification process now.
“Acquisition of CAE´s Aviation Training Centre near Vienna Airport means a lot for INVESTIKA Real Estate Fund. It has been our first transaction on the Austrian real estate market, which is mature and very stable and which has therefore been on our radar for some time already. I am proud that we have secured such a prime asset with the long-term blue-chip tenant. The stable rental income from this property helps achieve INVESTIKA Real Estate Fund´s target return of 4 – 6 percent p.a. for its investors. Besides that, I am confident that this transaction is the role model for our further acquisitions and growth in Austria,” comments Jaroslav Kysela, Member of the Board of Directors of INVESTIKA, investiční společnost, a.s. being the investment company which manages INVESTIKA Real Estate Fund, an open-ended mutual fund.
“We are pleased to have successfully concluded the sale of this specialised and sustainable asset to INVESTIKA Real Estate Fund. As the largest Czech and Slovak non-bank real estate fund, INVESTIKA has demonstrated a clear and strategic vision with this acquisition. Their ability to identify and secure high-quality, future-proof assets is impressive, and we are proud that this project will now contribute to the continued growth and diversification of their European portfolio. This transaction reflects our shared commitment to long-term value, innovation, and sustainability in the industrial real estate sector,” says Armen Gevorkian, Founder and CEO of Propel Industrial.
