Patrizia Immobilien’s European logistics fund has added €130.8m worth of Dutch assets to its portfolio, a deal which the manager said will deliver secure and sustainable income for its clients.
The Logistik-Invest Europa II fund has acquired a portfolio of logistics properties spread across three locations in the Netherlands from Rotterdam-based real estate investor DHG.
The newly built portfolio comprises around 131,000sqm of logistics space and includes assets in Rotterdam, Moerdijk and Bergen op Zoom.
Emile Poort, the head of transactions Benelux at Patrizia said: “This is a very attractive investment which will deliver secure and sustainable income for our clients.
“These properties are positioned in top logistics locations with direct access to Europe’s largest port.”
Nicolai Soltau, fund manager at Patrizia said the latest acquisition takes the fund’s portfolio to 18 properties within just seven months.
The fund targets conventional, e-commerce and urban logistics assets throughout Europe.
The latest acquisition follows the recent purchases in the Netherlands Germany, also for the €700m Logistik-Invest Europa II fund. Across Europe, Patrizia manages almost €2bn of logistics assets.