PATRIZIA AG has acquired two logistics assets in western Germany for €139 million ($157 million) on behalf of one of its dedicated Pan European logistic funds, PATRIZIA Logistik-Invest Europa III.
The assets, one of which is a major pre-let development project, will together provide 100,600 square meters (1.1 million square feet) of modern space.
The first asset is a logistics development in Hamm, North Rhine Westphalia, comprising 72,600 square meters (781,460 square feet) in seven units across two buildings. Acquired from Hines, the site is fully pre-let with a WALT of 10 years to a range of tenants in sectors including ecommerce, manufacturing and food delivery.
Completed in December 2021, the buildings have been developed with a central focus on sustainability and a DGNB “Platinum” target rating. The properties feature recyclable facade elements, energy-efficient LED lighting, combined heat and power units, and electric charging points for vans and ca
