PATRIZIA AG has transferred a core German logistics portfolio to a fund newly established by PATRIZIA for AEW Invest GmbH.
The portfolio comprises around 285,000 square meters (3.1 million square feet) of leasable space across 14 assets located in key German logistics hubs including Hamburg, Munich, Frankfurt and Stuttgart. At 96 percent occupied, the portfolio is leased to well-known tenants including Dachser, DSV, trans-o-flex, Rhenus and Transa, the DB Schenker subsidiary.
Dr. Kilian Mahler, head of fund management Logistics and Caverns at PATRIZIA, commented, “We assembled the portfolio over several years with single assets and smaller portfolio transactions. Good market dynamics in the logistics sector and successful asset management activity during the last few years allowed us to create a core logistics portfolio. COVID-19 has undoubtedly accelerated the existing trends that have underpinned the positive outlook for the logistics sector for some time, particul
