Patron Capital and INBRIGHT, the German developer and investor specializing in light industrial and urban logistics real estate, have acquired a property in Cologne as part of their investment program aiming to build a portfolio of light industrial assets in Germany with a total value of at least €250 million ($273 million).
The property, acquired from MURA Deutschland GmbH for an undisclosed sum, comprises 150,000 square feet of warehouse and office space at Max-Planck-Strasse 35 in Cologne Marsdorf, a thriving commercial and retail area in the west of Cologne, which is well connected via the A1 and A4 motorways as well as having strong public transport links. On a site of more than 140,000 square feet, the property includes manufacturing, production, service and storage areas.
INBRIGHT will take over asset management of the multi-let property, which will be successively upgraded in terms of the building shell, technology and fit-out over the coming years. Patron an
