Patrizia’s pan-European logistics fund, Patrizia Logistik-Invest Europe I, has acquired seven logistic properties across Germany and France for €130m. Patrizia has acquired newly developed properties in Germany: Hanover, Bremen, Karlsruhe and Frankfurt am Main. The four assets, totalling approximately 75,000 sqm, were developed in partnership with Panattoni Germany. In a separate transaction, Patrizia acquired a portfolio of three properties from Montea, with assets located in Paris, Orleans, and Cambria with a combined leasable area of 102,000 sqm. “These logistics properties continue to reflect the interest of our Fund to acquire modern conventional and e-commerce logistics buildings with a blend of customers such as 3PL’s, ecommerce retailers, retailers and light manufacturers, who are continue to reconfigure their networks to satisfy the high demand and need of speed to market” explains Roger Peters, Managing Director Patrizia Logistics Team.
