E+H advised the German real estate investor KanAm Grund Group (KanAm) on the purchase of the last-mile logistics hall “Cross Dock Upper Austria” in Enns near Linz. The long-term tenant of the almost 13,000 m² logistics hall is Österreichische Post AG. The acquisition of the property is KanAm’s first purchase in Austria. The real estate investor is thus responding to the constantly high demand for logistics and industrial properties on the capital market.
The seller of the facility, which is connected to the A1 freeway, the Danube, and the rail network, is the Austrian Meir Immobilien Group. “Cross Dock Upper Austria” will thus become part of Leading Cities Invest, an open-ended real estate fund whose logistics portfolio previously consisted of seven properties in central and northern Germany.
This successful transaction was led by E+H partner Alric A. Ofenheimer, head of the Real Estate practice group.