Patrizia Immobilien has invested €130m in French and German logistics properties.

The investment manager bought the portfolio for its pan-European logistics fund, Patrizia Logistik-Invest Europe I.

Patrizia said it has bought four newly developed properties in Hanover, Bremen, Karlsruhe and Frankfurt am Main.

The four assets, totalling around 75,000sqm, were developed in partnership with Panattoni Germany.

Patrizia has also invested in three properties sold by Montea in Paris, Orleans, and Cambrai.

Roger Peters, managing director of Patrizia’s logistics team, said the fund was aiming to invest €500m in “modern, conventional and e-commerce logistics buildings with a blend of customers”, inlcluding third-party logistics providers, online retailers, traditional retailers and light manufacturers.

Peters said these groups all needed to “reconfigure their networks to satisfy the high demand and need of speed to market.”