STRONG START INTO 2015 WITH MAJOR LETTINGS FOR MODESTA REAL ESTATE

At the beginning of the year, MSD relocated its office location within Vienna from Europlaza to the Ares Tower. In cooperation with Modesta Real Estate the 2,200 sqm office space has successfully been let. Furthermore, 1,700 sqm of modern office space in Brehmstraße, close to the new Central Train Station, has been let to Lebenshilfe Wien. DB Concepts, Thermo Fischer and FMT also moved into new office locations in Vienna in the first half of 2015. “We are happy to announce that the office market in Vienna is experiencing a slight recovery. Modesta Real Estate can record an increasing demand for modern office properties as well as broker agreements – particularly in the area around the new Central Train Station”, concludes Andreas Polak-Evans, SIOR and Managing Partner at Modesta Real Estate.

In the area around the new Central Train Station, Modesta Real Estate can record the highest volume of broker agreements. In Brehmstraße, 11,000 sqm are available for a net rent of € 7.90/sqm. In 7SENSES in Arsenalstraße, a combination of approximately 3,000 sqm office and warehouse space are offered for a net rent of € 10.00 – € 13.00/sqm. Moreover, as part of an exclusive assignment for the selling of the BOSCH property in Geiereckstraße, Modesta Real Estate is able to provide another 7,500 sqm office space as well as 7,000 sqm warehouse space.