Modesta Real Estate was able to successfully support Evonik Para-Chemie GmbH in the utilization of its former production site at Gramatneusiedl, Lower Austria.
Evonik Para-Chemie GmbH has operated as a subsidiary of Evonik Industries AG and served the Evonik Performance Materials segment at the production site. The former plant in Lower Austria was used to produce light-transmitting, weather-resistant plastics which are used primarily in the manufacture of noise barriers, facade claddings, skylights and furniture fronts. The property was sold under an exclusive contract.
The recently sold property offers a total area of approx. 50,000 sqm and includes various storage and production complexes as well as a spacious office building. The production site is located close to Vienna and is well connected to Vienna city centre and Schwechat airport through its proximity to the S1, B15 and A4 motorways.
“The former production site of Evonik Para-Chemie GmbH is one of the first industrially used properties in Austria. In consultation with the new owner, the plant was partially dismantled and could be handed over in very good condition,” says Sascha Gutmann, who is responsible for industrial and logistics real estate, about the realization of the sale.