Austria Laufen Austria got a new owner
Land acquisitionsschedule 21 December 2023
Manufacturing activities at the site were already shut down in 2020
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Laufen Austria site in Wilhelmsburg has been sold to a private investor. The zone combines two sites with a total area of approx. 75,000 sqm and a building stock of around 58,500 sqm.
Modesta Real Estate, International Associate of Savills has been exclusively mandated with the sale. Eight bidders took part in the multi-stage tender which has been running over the past nine months. Zöchling Immobilien, the company specialised in real estate development, was selected as the final bidder for the transaction.
As part of this package, a sale-and-lease-back agreement was negotiated, enabling Laufen Austria to keep its Austrian headquarters in Wilhelmsburg. While manufacturin
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