In late November 2018, DB Schenker took over a 51% share of LogCap-IR Grundverwertungsgesellschaft mbH (LogCap GmbH) Vienna/Austria from Erste Bank Group AG. In 2005, the company was founded as a joint venture between Schenker&Co. AG, Vienna (49%) and Erste Bank Group AG (51%) to finance property investments for Schenker&Co. AG in Central Europe. All three of the properties most recently owned by LogCap GmbH or its subsidiary LogCap s.r.o., Slovakia, are part of Schenker’s core network in Central Europe. The acquisition has ensured that these properties will be available to DB Schenker in the long term.