PATRIZIA, a leading partner for global real assets, has announced that its PATRIZIA PanEuropean Property Limited Partnership (‘PanEuropean’ or the ‘Fund’) has reached a total gross asset value of c. EUR 1 billion. PanEuropean reached this milestone following the acquisition of three logistics assets in France on behalf of its institutional clients.

PATRIZIA’s flagship, open-ended, core balanced fund recently acquired two warehouses in Lyon and one in Strasbourg from the international logistics group Kuehne & Nagel in an off-market transaction, for an undisclosed sum. The sale-and-leaseback of the 34,000 sq m portfolio, which also includes Kuehne & Nagel’s new French headquarters, is based on a 9-year green lease and complies with the French government’s energy consumption reduction targets.

You can now read the full press release at the link below