MLP Group a leading developer, owner and asset manager of high-quality logistics and light industrial business parks, continues its expansion strategy welcoming Austria to its portfolio. The developer has successfully acquired a plot to develop a new urban project MLP Business Park Vienna, located in the north-eastern part of Vienna in close proximity to the S2 expressway. The undeveloped land has a total area of 98,249 sqm and will offer almost 55,000 sqm of lettable space upon development completion. The transaction was liaised by the real estate advisor Otto Immobilien/Knight Frank.
The property acquisition in Austria is an important milestone in MLP’s continuing growth of its property portfolio in Poland and Europe. Following the successful expansion of the operations in Germany, the entrance into the Austrian market is an important complementary. Both markets are crucial in MLP’s future growth and ownership strategy. The total value of the project is €50.5 million.
“We are constantly expanding our business in line with our strategy to maintain a strong position in Poland and abroad. MLP Business Park Vienna is our first project in Austria, affirming our position among top commercial developers in Europe. MLP Group focuses on main strategic locations in Europe, and I believe that this approach will make our warehouses located in Europe’s key hubs attractive to clients in economic strength as well as challenging times,” said Radoslaw T. Krochta, MLP Group CEO.
MLP Business Park Vienna will be an urban logistics business park featuring state of the art amenities, suitable for multi-user operations such as e-commerce, logistics, last-mile-delivery as well as assembling, services and light industrial companies. The premium location in the north-eastern part of Vienna, in an urban and well-established commercial area, offers excellent access to the city’s ring road highway network and the S2 expressway exit is 350 m from the Park. Public transport located in the direct vicinity of the Business Park, with a subway station (U1) in 1.8 km proximity, underpins the attractiveness of the location for its future tenants and employees. The city centre of Vienna is 13 km away and the Airport Vienna-Schwechat is reachable within 20 minute driving time.
The Park will offer almost 55,000 sqm of lettable warehouse and office space after development completion and will comprise of four high-quality facilities. The smallest unit sizes will offer leasable areas of 2,500 sqm. The first unit will be built on a speculative basis, with construction due to start in the third quarter of 2021.
“I am delighted that the long-awaited entry into the Austrian market is finally accomplished with an exciting project, in a superb location in Vienna. It is an important milestone for MLP Group to include a new country in its portfolio. No doubt, Austria and Vienna, in particular, is a very attractive market for us with strong demand potential. We are confident to develop an attractive park and attract the occupier demand in the market,” added Patrick Schumacher-Kurowski, Country Manager Germany and Austria at MLP Group.
The Project in Vienna will be developed in line with MLP’s green development strategy, aiming to build energy-efficient and sustainable properties. This also includes the strategic use of available roof space for photovoltaic systems. MLP aims to certify all newly constructed buildings with DGNB (German Sustainable Building Council) or BREEAM (Building Research Establishment Environmental Assessment Method).
