Modesta Real Estate advises Siemens Energy on property sale in Linz

Modesta Real Estate was exclusively commissioned with the management of the sale of a multifunctional property of Siemens Energy Austria GmbH. In June 2022, the operational property was sold to IFA AG (Institute for Investment Advice) through a structured bidding process.

The site, which has a total area of approx. 7,200 sqm including three office buildings, a production hall and generous open spaces, has attracted the attention of many interested parties. In addition to commercial office or hotel use, the location at Kraußstraße 1-7 also permits residential use. The excellent transport location directly at the A7 motorway exit (Mühlkreis motorway) and the short distance to Linz city centre make the location additionally attractive. IFA AG, a SORAVIA company, recognised this potential and finally prevailed in the recently concluded bidding process. IFA plans to implement a mixed-use concept at the site, which will include around 30,000 sqm of subsidised housing and office space.

“The site in Linz convinced us especially because of its multi-layered potential. Both the location and the possible uses allow for a variety of concepts. We would like to thank Siemens Energy Austria GmbH as well as the investment team of Modesta Real Estate for the pleasant and very competent cooperation and look forward to further joint projects in the future,” says DI Michael Baert (CEO IFA AG).

DI Günter Berger (Head of Real Estate South Europe at Siemens Energy) is also very satisfied with the successful completion of the transaction: “Together with the team of Modesta Real Estate, the sale was completed in a professional, structured manner and to our complete satisfaction.”