PATRIZIA buys prime logistics asset in Netherlands for EUR 73 million

PATRIZIA AG, a leading partner for global real assets, has acquired a 52,572 sq m logistics asset in Tilburg, the Netherlands, for around EUR 73 million in an off-market transaction, on behalf of clients investing in its PATRIZIA Logistik-Invest Europe III Fund. It has been purchased from DOKVAST B.V., the investor and developer that specialises in smart and sustainable real estate. This latest acquisition brings PATRIZIA’s entire logistics portfolio to over EUR 5 billion in AUM.

Tilburg is regarded as one of the best logistics locations in Europe, due to its proximity to the ports of Antwerp and Rotterdam, as well as the direct access it provides to Germany and the rest of continental Europe. The state-of-the art facility is fully let to the current tenant, stichd - a wholly owned subsidiary of sportswear manufacturer Puma, underpinning the strength of the tenant covenant and providing a strong and stable income profile with a WALT of eleven years.

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