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TH Real Estate acquires retail warehouse park in Vienna for its Österreich Fonds Nr. 2

Fachmarktzentrum Stadlau

TH Real Estate has acquired a retail warehouse park at the Stadlau trading estate in Vienna for its Österreich Fonds Nr. 2. The Austrian real estate focused Fund, with c.€300m AUM is now fully invested. Its portfolio comprises core and core-plus assets across the retail and office sectors in established, competitive locations across Austria.

The retail warehouse park, which was modernised in 2014, is located in Vienna's Donaustadt district and forms part of the Stadlau trading estate. In addition to excellent public transportation access, the scheme has direct access to the S2 dual carriageway and the A23 motorway, one of the most heavily frequented roads in Austria. The L-shaped property has a lettable area of more than 7,700 sq m (c.83,000 sq ft) and about 180 parking spots. Its flexible structure facilitates subdivision into several smaller rental units. Incumbent tenants include a Toys‘R’Us toy store, a Dänisches Bettenlager home furnishings store, and a dm-drogerie markt drugstore, among others.

David Moese, Managing Director and Head of Property Investment for Austria, at TH Real Estate, said: “The Fund continues to perform well, and the Stadlau retail warehouse park, with its superb connectivity and flexible structure, brings the acquisition phase to its optimal conclusion.“

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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