- Four properties located in Brussels, Antwerp, Tongeren and Rotterdam-Dordrecht
- Over 100,000 sq m of space in key logistics hubs for EUR 70 million
- Leased to a strong mix of customers
- Transaction grows PATRIZIA’s AUM in the logistics sector to EUR 340 million
PATRIZIA Immobilien AG announces that it has acquired four logistics properties, totalling more than 100,000 sq m, across key distribution areas in Belgium and the Netherlands for EUR 70 million. In line with the increasing popularity of e-commerce in the last few years, the appetite from real estate investors for the logistics sector has grown significantly as the industry has reconfigured its supply chain operations to meet consumer demand.
PATRIZIA has acquired a portfolio of three logistics properties in Belgium from Leasinvest Real Estate. Well-located in prime logistics centres in Tongeren, Antwerp (Wommelgem) and Brussels (Neder-over-Hembeek), the properties have a combined WAULT (weighted average unexpired lease term) of 5.2 years and offer a total surface of 80,000 sq m of storage space and 8,000 sq m of offices, 100% leased to a strong mix of high-quality customers including Ziegler, MSF, Van Inn, Van den Borre and SKF.
These logistics properties are located near major lines of transportation including roads, ports and airports. The properties situated in Antwerp (Wommelgem) and Tongeren are located in fully developed and mature logistic park, while the property in Brussels (Neder-over-Hembeek) benefits from its proximity to Brussels CBD.
In a separate transaction, PATRIZIA has acquired a 12,500 sq m completely renovated and modern distribution centre in Dordrecht, with connections to Europe’s largest seaport in Rotterdam, from DSV Air & Sea, which will remain under a long term lease term. The location is one of the most important logistics regions in The Netherlands.
As a result of these acquisitions, PATRIZIA has expanded its commitment to the sector and now has more than EUR 300 million of logistics assets under management in Europe on behalf of its investors in the open-ended special AIF “PATRIZIA Logistik-Invest Europa I”.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across 15 European countries for more than 30 years. PATRIZIA’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global provider of real estate investments in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. Currently, the Company manages real estate assets worth around EUR 21 billion, primarily as a portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.