Patrizia buys €37.5m Spanish logistics asset for TEP VII value-add fund

Related Asset Managers

Patrizia Immobilien’s value-add pan-European property fund is acquires a logistics asset in Spain for €37.5m.

The manager said its TEP VII fund has agreed to forward-fund the 66,424sqm logistics centre in Ontígola, south of Madrid.

TEP VII targets cash-flow driven strategies across office, industrial and residential sectors across Europe.

The asset comprises two warehouses which are pre-let to DHL and Logisfashion. Delivery is expected during the first half of 2019.

Eduardo de Roda, Patrizia’s head of Iberian transactions, said: “This acquisition highlights our commitment to the Spanish logistics sector, which continues to perform well against a backdrop of e-commerce-driven demand growth and an acute undersupply of high-quality buildings.”

Patrizia currently manages four logistics properties in Madrid and Barcelona, totalling more than 200,000 sqm.

 

Tags

Related images

  • Patrizia Ontigola Logistics Asset in Spain

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2492

    Asset class: Active Investment Grade Corporate Bond.
    Asset region: Global.
    Size: In the region of £2 billion.
    Closing date: 2018-12-10.

  • QN-2495

    Asset class: Large & Mid & Small with bias to Mid Equities.
    Asset region: Switzerland.
    Size: CHF 30m.
    Closing date: 2018-12-10.

  • QN-2496

    Asset class: Commodities.
    Asset region: World.
    Size: CHF 100 – 150 m.
    Closing date: 2018-12-12.

Begin Your Search Now