Significant construction progress at Logistics Park Bruck A4 was honoured yesterday with a topping-out ceremony. Together with Mayor Gerhard Weil, the investor Invesco Real Estate and the construction companies, Propel Industrial celebrated the completion of the building shell on schedule. Two independent buildings, which stand for flexible use, energy efficiency and sustainability, are being built on over 15,000 m² of hall space in the immediate vicinity of the A4 motorway and Vienna Airport.
Mayor Gerhard Weil praised the project: "The Logistics Park Bruck A4 is an example of the progress we want to see in our city: economically sustainable, ecologically responsible and strategically well connected. As an energy self-sufficient city with a strong focus on climate protection, we are particularly pleased about a project that combines sustainable logistics with regional value creation. We warmly welcome Propel Industrial to Bruck an der Leitha."
Armen Gevorkian, CEO of Propel Industrial, also emphasised the importance of the project: "Today's topping-out ceremony not only marks the completion of the shell construction phase, but also our ambition to create scalable and sustainable logistics properties for the needs of tomorrow. The Bruck site combines ecological quality, economic attractiveness and an outstanding location. Together with Invesco Real Estate and regional partners, we are realising a project with real added value here - for companies, the region and the future of logistics."
The sustainable measures include smart meter systems, a submitted PV project, rainwater management, biodiversity areas and infrastructure for e-mobility and cycling. The buildings have a hall height of 10 metres, 16 loading ramps and four ground-level gates. The project already fulfils the requirements for ÖGNI Gold certification during construction. Completion is planned for the third quarter of 2025 - initial letting negotiations are already underway.
Focus on Lower Austria as a business location
With the Logistics Park Bruck A4, Propel Industrial is consistently pursuing its growth strategy in Lower Austria. Together with Invesco Real Estate, the company is developing modern space solutions for logistics and industry here as well as in other projects in the state. ‘Lower Austria offers excellent conditions for future-oriented property developments,’ emphasises Armen Gevorkian, CEO of Propel Industrial. ‘Our aim is to create sustainable spaces that generate long-term economic benefits - for companies, communities and the entire region.’
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About Invesco Real Estate
Invesco Real Estate is one of the world's leading property investment firms with EUR 81.9 billion in assets under management, 605 employees and 21 regional offices in the US, Europe and Asia. Invesco Real Estate has been actively investing across the risk/return spectrum for over 40 years in direct property strategies such as core, debt, value-add and opportunistic, as well as listed property assets for over 450 institutional clients. Invesco Real Estate employs over 187 people in Europe in eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw. Invesco Real Estate manages 205 properties in 14 European countries with assets under management totalling EUR 16.0 billion. The team has a wealth of experience across all three commercial sectors as well as hotels and residential property. As of 31 December 2024.
About Propel Industrial
Propel Industrial is an Austrian boutique developer for logistics and industrial real estate based in Vienna, specialising in sustainable projects in high-growth logistics and commercial locations in Europe. In the DACH region, Propel Industrial is currently realising around 200,000 m² of space in nine ecologically sustainable properties - with added value for the community, tenants and investors. The vision: to create customised solutions in which people, companies and regions grow together - with measurable added value for the economy and society. Current projects include the Logistics Park Tribus (Traiskirchen), the CAE Flight Training Facility (Schwechat) and logistics parks in Bruck an der Leitha, Leobendorf, Bruchsal (DE) and Langenselbold (DE). More at: www.propel-industrial.com
