PATRIZIA acquires high-quality Dutch logistics portfolio for €130m

PATRIZIA Immobilien AG has acquired a portfolio of logistics properties spread across three key locations in the Netherlands from DHG, the Rotterdam-based real estate investor and developer, for €130.8 million ($146.3 million) on behalf of PATRIZIA Logistik-Invest Europa II.

Nicolai Soltau, fund manager at PATRIZIA, commented: “With this acquisition, we have built a portfolio of 18 properties for the fund within just seven months — a demonstration of our deep access to the market and the speed at which we are able to execute transactions given the strength of our enlarged logistics team following the integration of recent corporate acquisitions.”

The portfolio, which was completed this year, comprises approximately 131,000 square meters (1.41 million square feet) of prime logistics space and includes assets in Rotterdam, Moerdijk and Bergen op Zoom, all of which are located on the key logistics corridor that passes from the Rotterdam Port through the south of t