This will be the largest logistics park in Austria and Log4Real’s first international venture in a planned multibillion-euro investment program in a new class of energy efficient warehouses across European markets.
Christian Bischoff, Log4Real CEO, said: “Due to its geographical location, Austria has always been at the interface of CEE and western European markets and important pan-European transport links, which makes it very attractive to industrial and logistics developers. So it’s no surprise that our first international investment is being made in Vienna.”
The new logistics park is expected to particularly appeal to food processing and industrial companies where energy costs are an important component of the bottom line, as savings of up to 40% can be made through the cutting-edge technologies to be incorporated in the project. The location will also be attractive for air gateway functions, general logistics and e-commerce firms serving the Austrian market and its neighbors in the Czech Republic, Slovakia and Hungary. Same-day delivery is also expected to become a growing feature of the CEE e-commerce retail.