Patrizia Immobilien AG, acting on behalf of Patrizia Logistik-Invest Europa II, has acquired a Dutch logistics portfolio from DHG for €130.8m. The portfolio, which was completed this year, comprises around 131,000m² of prime logistics space and includes assets in Rotterdam, Moerdijk and Bergen op Zoom, all of which are located on the key logistics corridor that passes from the Rotterdam Port through the south of the Netherlands. A large part of the portfolio is suitable for handling of hazardous goods (ADR), a rapidly growing market segment due to stricter laws and regulations.
Emile Poort, Head of Transactions Benelux at Patrizia, commented: “This is a very attractive investment which will deliver secure and sustainable income for our clients. These properties are positioned in top logistics locations with direct access to Europe’s largest port.”
Nicolai Soltau, Fund Manager at Patrizia, commented: “With this acquisition, we have built a portfolio of 18 properties for the Fund within just seven months – a demonstration of our deep access to the market and the speed at which we are able to execute transactions given the strength of our enlarged logistics team following the integration of recent corporate acquisitions.”
