PATRIZIA AG, a leading partner for global real assets, has forward purchased a logistics warehouse development in Illescas, Spain, for approx. EUR 56m, on behalf of its institutional clients. The asset will have a combined surface of 92,000 sq m and is scheduled to be completed by the first quarter of 2023.
The investment was made on behalf of a PATRIZIA logistics flagship fund for its institutional clients and further strengthens the already significant logistics portfolio of the firm.
You can now read the full news release at the link below