Allianz Real Estate, on behalf of several Allianz group companies, has acquired a special purpose vehicle (SPV) of a last-mile logistics facility in southern Vienna for €72m ($87m).
The SPV was sold to Allianz Real Estate by Exeter Property Group and is single tenanted by Amazon.
“The logistics sector continues to be a central focus for Allianz Real Estate across all its markets as demand for high-quality facilities remains strong and long-term yields remain attractive,” the company said.
Channels:Deals
Companies:Allianz Real Estate