TH Real Estateβs second Austrian-focused real estate fund is now fully invested.
The manager said it bought the Stadlau retail warehouse in Vienna for its OΜsterreich Fonds Nr.2 vehicle.
The vehicle, a follow-on fund to the 2002 vintage OΜsterreich Fonds Nr.1, was launched by Warburg-Henderson in 2011.
The fund, which has a core and core-plus focus, has invested β¬300m in the countryβs retail and office sectors.
David Moese, managing director and head of property investment for Austria, said: βThe 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.β
The 7,700sqm retail warehouse park, in Viennaβs Donaustadt district, is let to tenants including Toys βRβ Us and the DaΜnisches Bettenlager home furnishing store.
