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Modesta Real Estate represented at Expo Real

The Expo Real (international trade fair for property and investment) takes place annually since 1998 in Munich. From the 8th to the 10th October, the largest B2B trade fair in Europe will once again host the entire real estate industry under the motto, “Building networks.” Last year there were 2,003 exhibitors from 35 Countries, 500 experts as guest speakers and 1,000 journalists and media representatives on site.

Many exciting lectures are expected from experts, including one on the future prospects of the real estate industry: “The future of the property sector: how radical is digital?” where new technologies will be presented and the consequences of the applications discussed. Furthermore, the talk on the “The office market between economic boom and yield compression,” where leading experts will talk about how successful investment in office properties is still possible and how to prepare for end of the current cycle.

From the Modesta Real Estate team, the two managing partners Andreas Polak-Evans, SIOR and Sebastian Scheufele, SIOR along with our real estate consultants Ing. Chiara Mai, B.A. (Office Properties) and Sascha Gutmann, B.Sc. (Industrial and Commercial Properties) as well as Ing. Peter Miščík, partner in our subsidiary company in Bratislava, will participate.

News
Modesta Real Estate acts as advisor for sale of logistics centre to an institutional investor

Modesta Real Estate was able to facilitate the sale of a fully-let logistics centre with a warehouse space of approximately 24,000 m² and land area of about 52,000 m² in Lower Austria, near Vienna. The property is ideally located in the 3-country hub Austria-Slovakia-Hungary. Because of its excellent transport connections, among other aspects, the location is ideal for the market development of the southeastern economic area. “The state of Lower Austria is becoming an important hub in the heart of Europe with exemplary technology development and steadily-rising export figures in the sector of the emerging markets in the CEE region,” emphasizes Sebastian Scheufele, SIOR and managing partner at Modesta Real Estate. The parties have agreed to maintain confidentiality about the details of the transaction.

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Modesta Real Estate finds new company location for Coveris

Modesta Real Estate was able to find a new state-of-the-art location for Coveris in the “Vienna Twin Tower”. Coveris, a globally-active premium producer of packaging, is now moving from Baden to Vienna’s 12th district. The office space will spread over 880 m² on the 28th floor. The “Vienna Twin Tower” not only offers a complete infrastructure, such as a bank, grocery stores, restaurants, business park and a cinema, but also has excellent transport connections. “We are very pleased that we were able to negotiate such an attractive offer for Coveris and to provide them with a suitable, new company location. We would like to thank them for the tremendous cooperation,” says Ing. Chiara Mai, BA, Commercial Real Estate Consultant at Modesta Real Estate.

News
Modesta Real Estate actively participates at the 2018 SIOR European Conference in Warsaw

The second SIOR European Conference takes place from June 27 to 29, 2018. This year it will be in Warsaw. At this event, commercial real estate specialists, developers and investors from all over Europe and the US come together for exchange and networking.

The conference also offers its participants the opportunity to obtain information about the latest international developments/trends on the industrial and office property markets. Among other activities, interesting lectures and panel discussions are offered. Topics include:

Globalisation: Misthinking globalisation – Implications for long-term investors, in which the keynote speaker argues that globalisation should be viewed as two processes, not just one.

Investment: Experienced pan-European investors debate their opinions as to where they believe in commercial investment and why.

Digitization:  An industrial panel will assess the market and occupational impact of Digitalisation including Industry 4.0 and Digital twin Technology.

The two managing partners of Modesta Real Estate and long-term SIOR members, Andreas Polak-Evans and Sebastian Scheufele, as well as Peter Miščík, our partner at Modesta Real Estate Slovakia, are once again attending this three-day event. SIOR (Society of Industrial and Office Realtors) is an American leading global office and industrial real estate association with strict professional guidelines and has more than 3,200 members in 685 cities and 36 countries worldwide.

For detailed information about the conference: https://sioreurope.com/warsaw-conference/

News
Modesta Real Estate acted as representative for Prologis in the acquisition of “Prologis Pilsen Park II”

Modesta Real Estate successfully represented Prologis during the acquisition of Prologis Pilsen Park II. Prologis, Inc., the global leader in logistics real estate, announced that Prologis European Logistics Fund (PELF) has acquired Mountpark Pilsen in the Czech Republic from Mountpark Logistics EU.

The park, comprising 43,700 square metres of vacant space and three hectares of additional development land, totalling 10,000 square metres, will be renamed Prologis Park Pilsen II.

Situated on the D5 highway that connects Prague to Bavaria, 16 kilometres west of Pilsen in the municipality of Prehysov, the park offers a prime logistics location. Regarded as the Czech Republic’s gateway to Europe, it is a strategic manufacturing hub due to competitive wages and a highly skilled workforce. It is Prologis’ second investment in the Pilsen market, next to its fully occupied, 58,500 square metre Prologis Park at Pilsen-Stenovice.

“Pilsen is an established logistics market and a target one for Prologis. This acquisition provides a good growth opportunity in a high demand region,” says Martin Polak, Senior Vice President, Regional Head, Prologis CEE.

Sebastian Scheufele SIOR, Managing Partner at Modesta Real Estate about the transaction: “We are very pleased to successfully represented Prologis on the strategic investment in its second Pilsen Park. Through this transaction, they have acquired another excellent logistics location that can guarantee the fast growth of the company. We would like to thank Prologis for the great cooperation and wish them all the best for further future development of this strategic location.”

News
Modesta Real Estate finds new company location for Procter & Gamble

Modesta Real Estate provided Procter & Gamble with a state-of-the-art new location in “The Icon Vienna” at the Vienna central station. The Austrian headquarters of the world’s largest consumer goods group, with brands such as Ariel, Gillette, blend-a-med and many others, will be located in Tower C on the sixth floor. Procter & Gamble are in good company with top-class neighbors such as BAWAG P.S.K., John Harris, TPA and most recently Nestlé. The unique towers developed by Signa will be completed by the end of the year and are characterized by their high architectural and functional quality. Three office towers offer optimum space and energy efficiency as well as flexibility in the implementation of various uses and office versions. “We are very pleased that we were able to successfully support Procter & Gamble in the search for such a strategic and future-oriented company location and would like to thank them for the tremendous cooperation. We wish P & G all the best and look forward to further cooperation in the future as well, “says Andreas Polak-Evans, SIOR and Managing Director of Modesta Real Estate.

News
Modesta Real Estate at MIPIM 2018

From March 13th to 16th, Cannes will once again be hosting the MIPIM – the world’s leading real estate fair, bringing together the most influential players in all international real estate areas for 4 days of networking, knowledge sharing and business transactions.

Focusing on the main topic of ‘Mapping World Urbanity’, the participants will discuss, among other aspects, how the future of urban life and its changes will influence the strategies for the real estate industry.

In addition, 77 real estate projects from 26 countries will be presented for the first time and about 23,000 visitors are expected, among them 4,800 investors from all over the world. Modesta Real Estate will also be represented by Sebastian Scheufele SIOR (Managing Partner and long-standing SIOR member) and Peter Miščík (Partner – Modesta Real Estate Slovakia) at this event.

News
Ball of the Austrian real estate industry 2018

On February 1, 2018, the ball of real estate industry took place for the 13th time in the Vienna Hofburg –  there the who-is-who of the real estate industry have the opportunity to meet – and with up to 3,000 guests, it is now one of Vienna’s traditional balls.

With the ticket purchase, the association BONsurpise is supported with their project “Your family is with you – the BONsurprise apartment.” This initiative helps critically ill children and their families.

Among the guests at the ball were also some colleagues of the Modesta Real Estate team, such as Andreas Polak-Evans, SIOR (Managing Partner), Sascha Gutmann, B.Sc. (Industrial & Commercial Real Estate), Chiara Mai, B.A. (Office Real Estate) and Sarah Renzl (Marketing & Communications).

News
Vienna / Bratislava: Forecasts predict an upswing in the commercial real estate market

February 2018 – Gerald Eve, one of the leading real estate consulting firms in the United Kingdom and an international alliance partner of Modesta Real Estate in Austria and Slovakia, has published the third edition of the European Property Market Brief. This annual report deals extensively with the commercial real estate market in major European cities and provides insights into current developments and prospects for the future. The developments in the commercial real estate market here in Austria and in Slovakia were examined in greater detail. Despite the uncertainty of the year 2017 for Europe – due to sluggish government formation in Germany and ongoing Brexit negotiations – Austria still has favourable economic prospects. The stimulation of private consumption triggered by the 2016 tax reform has given investors new incentives and further boosted domestic demand. In particular the demand for office space in Vienna has grown and the trend in prime yields fell only slightly to 4% in 2017. In Bratislava, in addition to a solid economic outlook, demand for new office space also remains high. “The report shows that neither Austria nor Slovakia can speak of a slump in the office real estate market. And the consistently positive forecasts for 2018 promote confidence, “says Andreas Polak-Evans, SIOR and managing partner at Modesta Real Estate. Investments in Austrian commercial real estate also remain strong and transaction volumes in the first half of 2017 were 80% higher than in the previous six months. “The completion of the Logistic Center Wien Nord and the newly-founded Industrial Campus Vienna East has led to Austria becoming more attractive as a logistics location,” says Sebastian Scheufele, SIOR and managing partner at Modesta Real Estate. In Slovakia there were also a number of completions in 2017, which brought 43,000 m² of exceptionally modern warehouse space to the market in the first half of the year. A level that is expected to double by the end of 2017. The number of development projects already under construction could be an opportunity for institutional investors. “The logistics market in Slovakia continued to be in high demand for both users and investors in 2017 and this will continue in 2018,” said Scheufele.

Find the complete European Property Market Brief HERE.

European Property Market Brief

News
Office Market Report 2017 – Best future prospects for the Viennese office real estate market

Vienna – the annual office market report for 2017 has been published and confirms not only Austria’s largest economic growth in six years, but also promises many other positive developments for the office real estate for the new year.

In 2018 many construction projects will be completed, such as The ICON Vienna – of which a tower has already been pre-let to BAWAG – or the Austria Campus, which offers perfect transport links with its location right next to Vienna’s main railway station.

Furthermore, the area around the Wienerberg in the south of Vienna is growing steadily. In 2018, for example, the innovative office location Inno Plaza will be completed, which is not only close to the motorway, but also easily accessible by the underground line U6 or the train.

The strong economic growth in Austria is also reflected in the investment market, where an increase of about 80 percent was noted compared to 2016.

Most of the transactions were carried out in the field of office real estate and the Austrian market is also becoming increasingly popular with investors from North America and  Asia.

The positive development can be seen not merely in the office real estate, but Austrian logistics and industrial real estate also represent an increasingly attractive alternative for investors: the returns in those two fields are constant at around 6 to 8 percent.

“Future forecasts for the Austrian office real estate market promise that Austria will not only become more and more attractive as a business location, but also remain competitive throughout Europe,” said Andreas Polak-Evans, SIOR and Managing Partner at Modesta Real Estate.

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