PATRIZIA makes €50m investment in Italian industrial portfolio

PATRIZIA has acquired a portfolio of two urban logistics assets in Italy for €50 million ($55 million).

The two assets are strategically located in the established submarkets on the outskirts of Rome and Bologna.

Acquired through PATRIZIA’s pan-European logistics strategy, PATRIZIA Logistik-Invest Europa III, the portfolio comprises nearly 36,800 square meters (396,100 square feet) of space that is 100 percent occupied by three major international tenants, FedEx, Widem and Stellantis & You. The newly signed leases in the portfolio provide a resilient income profile and the opportunity to achieve future rental growth, supporting PATRIZIA’s strategy of driving high-yield income streams for its assets.

Built in 2021 and 2022 by specialist logistics developer Scannell Properties, the modern portfolio boasts high ESG standards, with both assets achieving EPC A ratings and BREEAM certifications. The properties are equipped with rooftop PV panels and have