Patron Capital and its partner INBRIGHT, the specialist light industrial and logistics investor, developer and asset manager, have secured development financing exceeding €100 million ($117 million) to support the construction of the Ludwigsburg Industrial Centre that will operate under the brand LIZ. Ludwigsburg is a city located in the west of Germany just north of Stuttgart.
The loan has been provided by BGO, a leading global lender in commercial real estate. It represents the refinancing of a facility used to acquire the LIZ site as well as a new development loan to refurbish existing buildings and the construction of new buildings on the 51,000-square-meter (549,000-square-foot) site.
LIZ is a flexible and state-of-the-art light industrial campus. Upon completion, it will provide around 100,000 square meters (1.08 million square feet) gross leasable area of ESG-compliant space for businesses based in the Stuttgart metropolitan region. LIZ is the largest constru
