PATRIZIA Immobilien AG has established a division for Europe-wide logistics business. The new platform is based in Amsterdam. "The acquisition of an expert team allows us to use investment opportunities in the increasingly important market for logistics properties for our customers at home and abroad," said Klaus Schmitt, COO of PATRIZIA Immobilien AG, explaining the reason behind the new subsidiary.
In the context of globalisation and the associated dynamic expansion in online shopping, logistics properties are gaining in importance and becoming increasingly attractive to investors. E-commerce grew by 16% in Europe last year alone, and this trend is set to continue. This situation is giving rise to a whole new class of use-specific logistics facilities as e-commerce logistics models are responding to the rapid boom in online retail and the changes in consumer behaviour and preferences. With the spread of e-commerce, physical distribution systems are changing, particularly for retail logistics.
PATRIZIA's logistics platform is based on the changes in the supply chain caused by changed consumer behaviour – reflected in the growth of e-commerce, new infrastructures and the transformation of retail by digital technologies. "We have noticed that the change in consumer behaviour is having a major impact on the way in which retailers and logistics service providers handle products services, making the combination of the location and the building a key factor for business success," said Klaus Schmitt.
The new logistics platform also delivers competitive advantages for its customers, because the company can conduct sale-and-lease-back transactions with logistics customers, acquisitions and (new) developments through local strategic partnerships from its existing European platform. This enables investors to benefit from the growth in online retail for years to come.
Source: PATRIZIA Immobilien AG
