PATRIZIA has closed a deal to invest €70 million ($75 million) in a modern industrials portfolio in Italy’s “golden triangle” submarket through its PATRIZIA Logistik-Invest Europa Fund series, expanding the group’s Italian logistics platform. The two assets are strategically located on the A22 highway between Verona and Bologna, which is one of the country’s major distribution corridors.
Comprising more than 90,000 square meters (970,000 square feet) of space, the portfolio is 100 percent occupied by two international 3PL tenants. The strong lease profile delivers resilient high-yield income, while an active asset management strategy will aim to capitalize future value-add opportunities through the strong rental growth expected in the Mantova submarket.
Built in 2022 and 2023, the modern portfolio boasts high ESG standards compliant with the Paris Climate Agreement, with both assets achieving EPC A ratings and LEED Gold certifications. The properties
