The Investika Real Estate Fund has entered the Austrian real estate market with its acquisition of the CAE Aviation Training Centre near the Vienna Airport for over EUR 30 million from Propel Industrial Holding, an independent real-estate-investment boutique active in Austria, Germany, and the Netherlands.
The CAE Aviation Training Centre is located near to Vienna International Airport in Schwechat, with a direct connection via the A4 motorway to the center of Vienna. The light-industrial and office asset with 8,077 square meters of gross leasable area was prepared as a built-to-suit project for the Canadian company CAE Inc. The building is used as a training center for professional pilots on specialized aerial transporters and as a base for the training staff.
According to Investika, “the acquired asset has got an excellent sustainability profile. The timber framework was used in its construction. The property runs on the modern BMS system. It has been saving energy by using the installed LED lighting and will use alternative sources of energy (photovoltaic panels to be installed on the roof). The rainwater is being collected and re-used. There is a parking area with 88 lots and chargers for electric cars. The asset has been undergoing OGNI Gold certification process now.”
“Acquisition of CAE´s Aviation Training Centre near Vienna Airport means a lot for the Investika Real Estate Fund,” commented Jaroslav Kysela, Member of the Board of Directors of Investika, investicní spolecnost, a.s. — the investment company which manages the Investika Real Estate Fund. “It has been our first transaction on the Austrian real estate market which is matured and very stable and which has been therefore on our radar for some time already. I am proud that we have secured such a prime asset with a long-term blue-chip tenant. The stable rental income from this property helps achieve the Investika Real Estate Fund´s target return of 4 – 6 % p.a. for its investors. Besides that, I am confident that this transaction is the role model for our further acquisitions and growth in Austria.”
“We are pleased to have successfully concluded the sale of this specialized and sustainable asset to the Investika Real Estate Fund,” said Armen Gevorkian, founder and CEO of Propel Industrial. “As the largest Czech and Slovak non-bank real estate fund, Investika has demonstrated a clear and strategic vision with this acquisition. Their ability to identify and secure high-quality, future-proof assets is impressive, and we are proud that this project will now contribute to the continued growth and diversification of their European portfolio. This transaction reflects our shared commitment to long-term value, innovation, and sustainability in the industrial real estate sector.”
