A total of 13 properties totalling 250,000 square metres and eleven strong performing logistics customers at logistics hubs. The properties with a purchase value of approx. EUR 200 million have been acquired over the past few months by the PATRIZIA Logistics Team based in Amsterdam. This team is responsible for the pan European logistics business and is assisted by the respective PATRIZIA local platforms.
"Looking forward, the logistics market in Europe still displays considerable growth potential in the coming years, as service providers and retail logistics are reconfiguring their supply chain networks to timely satisfy the growing demand in the e-commerce sector. Our customers can take part in this growth process as the recently acquired buildings are a mix of conventional or suburban distribution centres and urban or E-commerce facilities consists", notes Roger Peters, Managing Director at PATRIZIA Logistics Team.
Additional investments are scheduled in those that mainly cover the last mile(s) in metropolitan regions as well as well located conventional distribution properties to serve the interest of our fund investors, which has a target volume of EUR 500 million, in which an array of institutional investors have already committed equity. "We are confident that we are able to prudently acquire additional high-yield, modern and top quality logistics assets in several metropolitan regions", says Managing Director Arthur Tielens.
PATRIZIA Logistics Team acquired a completely refurbished, modern distribution centre with 70,000 square metres at the well-established “Senart” business region in greater Paris. Secondly, PATRIZIA has acquired a modern distribution and light manufacturing centre up to 15,000 square metres in the Northern Frankfurt am Main metropolitan region. Both acquisitions add up to an investment volume of approximately EUR 50 million. Additional investments are being executed in metro regions such as Paris, Amsterdam, Brussels and Nord pas de Calais.