PATRIZIA buys 4 Madrid logistics assets under development for EUR 50m

PATRIZIA AG, a leading partner for global real assets, has forward purchased the development of four logistic warehouses on behalf of its institutional investors for EUR 50 million at a logistics park located in Valdemoro, within the greater Madrid area. The construction of the 65,800 sq m development is expected to be completed by 2022.

In addition to its excellent location and transport links through the A-IV motorway, the warehouses will benefit from modular, state-of-the-art design, providing flexibility to the future tenants.

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