INVESTIKA enters Austria with acquisition near Vienna airport

INVESTIKA Real Estate Fund, the largest non-bank open-ended mutual real estate fund for retail investors in the Czech and Slovak markets, has entered the Austrian real estate sector with the acquisition of the CAE Aviation Training Centre near Vienna International Airport. The property was purchased for over €30 million from Propel Industrial Holding, an independent real estate investment firm active in Austria, Germany, and the Netherlands. This transaction expands INVESTIKA’s geographic and sector diversification, bringing its portfolio to five European countries.

The CAE Aviation Training Centre is located in Schwechat, close to Vienna International Airport, with direct motorway connections to Vienna’s city centre via the A4. The property comprises 8,077 sqm of gross lettable area and was developed as a build-to-suit project for CAE Inc., a Canadian company specialising in aviation training.

The facility features both office and industrial areas, designed for clean operations. It serves as a training centre for professional pilots using specialised aviation equipment and provides workspace for training staff. The building’s proximity to the airport and key motorway routes makes it strategically well-positioned for its purpose.

Sustainability features are integral to the property, which incorporates a timber framework, a modern building management system, LED lighting, and plans for rooftop photovoltaic panels. Rainwater collection and reuse systems are also in place. The site includes 88 parking spaces with electric vehicle chargers. The asset is currently undergoing certification for ÖGNI Gold sustainability standards.

Jaroslav Kysela, Member of the Board of Directors at INVESTIKA, investiční společnost, a.s., which manages the fund, stated that the acquisition represents the fund’s first transaction in Austria, a market regarded as mature and stable. He noted that securing a prime asset with a long-term tenant contributes to the fund’s target annual return of 4–6 percent and sets a precedent for future investments in Austria.

Armen Gevorkian, Founder and CEO of Propel Industrial, expressed satisfaction with the sale, highlighting INVESTIKA’s strategic vision and focus on high-quality, sustainable assets as consistent with Propel’s own approach to industrial real estate investments.

INVESTIKA Real Estate Fund was advised in the transaction by EHL Investment Consulting, STC Development, TPA, PwC Legal Rechtsanwälte, and PFP-LAW Austria.