PATRIZIA has acquired a portfolio of two urban logistics assets in Italy’s established industrial submarkets outside Rome and Bologna
PATRIZIA, a leading partner for global real assets, has acquired a portfolio of two urban logistics assets in Italy for around EUR 50 million, strengthening its footprint of high-quality last-mile industrial assets in key locations across continental Europe. The two assets are strategically located in the established submarkets on the outskirts of Rome and Bologna.
Acquired through PATRIZIA’s pan-European logistics strategy, PATRIZIA Logistik-Invest Europa III, the portfolio comprises nearly 36,800 sq. m. of space that is 100% occupied by three major international tenants Fedex, Widem and Stellantis &You. The newly signed leases in the portfolio provide a resilient income profile and the opportunity to achieve future rental growth, supporting PATRIZIA’s strategy of driving high-yield income streams for its assets.
Built in 2021 and 2022 by specialist logistics developer Scannell Properties, the modern portfolio boasts high ESG standards, with both assets achieving EPC A ratings and BREEAM certifications. The properties are equipped with rooftop PV panels and have the potential to significantly expand the solar coverage, further supporting the decarbonisation strategy of the portfolio.
You can now read the full press release at the link below