PATRIZIA AG, a leading partner for global real assets, on behalf of its institutional clients has invested in a €230 million ($260 million) turnkey acquisition of a 233,000-square-meter (2.5 million -square-foot) distribution center in the container hub of Rotterdam, Europe’s largest port, from Dutch logistics developer DHG.
The acquisition, which represents the largest logistics investment on record in the Netherlands in terms of square meters, was made on behalf of PATRIZIA’s Logistik-Invest Europa III Fund and PATRIZIA PanEuropean.
The Smartlog Maasvlakte distribution center is a mammoth logistics complex under construction on a 30-hectare (74 acre) site at Distripark Maasvlakte West on Rotterdam’s most recent land reclamation area and the biggest ever developed in the Dutch market.
One of the key features of the property is its extensive solar-panel roof, which includes 46,000 solar panels spanning 210,000 square meters (2.3 million square feet) ac
