Worldwide real estate news web site
Patrizia Immobilien’s European logistics fund has added €130.8 million worth of Dutch assets to its portfolio, a deal which the manager said will deliver secure and sustainable income for its clients. The Logistik-Invest Europa II fund has acquired a portfolio of logistics properties spread across three locations in the Netherlands from real estate investor DHG. …
Continue reading “Patrizia European logistics fund adds Dutch portfolio”
Patrizia Immobilien AG acquired the Dutch logistics portfolio for € 131 million. The company has paid € 131 million for this purchase. Portfolio construction was completed this year. The assets are located in the main logistics corridor passing through Rotterdam Harbor, south of Rotterdam. Emile Poort, Head of Transactions Benelux at Patrizia, commented: “This is …
Continue reading “Patrizia acquires Dutch logistics portfolio”
Patrizia Immobilien AG, acting on behalf of Patrizia Logistik-Invest Europa II, decided to buy a logistics property in the Netherlands. The seller has been announced as Magna Tires Group. The property, owned by Patrizia Immobilien AG, which operates on behalf of Patrizia Logistik-Invest Europa II, is located in Waalwijk in the south of the Netherlands …
Continue reading “Patrizia acquires logistics facility in the Netherlands”
Patrizia Immobilien, acting on behalf of the Patrizia Logistik-Invest Europa II fund, acquired six logistics asset portfolios from Cromwell Property Group in Germany. Logistics assets cost € 59 million. The portfolio covers a total area of 43,500m². However, it is completely free with the average rental period for more than ten years. Four out of …
Continue reading “Patrizia acquires German logistics portfolio”
On behalf of the Patrizia Retail Oppityity SCS fund, Patrizia Immobilien AG has acquired a retail portfolio of nearly 100m euros from Marathon Portfolio Management in Germany. Along with these purchases, the retail asset portfolio managed by the company in Europe reached 8.3 billion euros. The portfolio consists of a total area of 5,600 m². …
Continue reading “Patrizia acquires German retail portfolio”
Patrizia has completed the sale of a central Berlin office asset Grenander Haus. Westbrook Partners has bought office building in Berlin’s Mitte districts. Financial details were undisclosed. Built 1930, Grenander Haus totals 8,400 sqm across seven floors. The assets is located adjacent to Alexanderplatz in Berlin’s Mitte district. Daniel Dreyer, Head of Transactions Germany at …
Continue reading “Westbrook Partners acquires Berlin Mitte office property”
Patrizia Immobilien announced that it has acquired Coda Studios office space in London. Colombia Threadneedle sold London office space for €45m. The acquisition was made on behalf of its Hanover PUT fund. Coda Studios is located in Fulham. The property offers offices in 56 detached suites ranging from 300 square meters to 3,000 square meters. …
CA Immo has received a construction permit from the City of Munich for the NEO office, hotel and residential complex, with 21,000 m² of gross floor space in the Baumkirchen Mitte quarter in Munich’s Berg am Laim district. CA Immo has also acquired the 50% stake in the development project previously held by PATRIZIA, and …
Continue reading “Construction start for NEO office and hotel tower in Munich by CA Immo”
PATRIZIA Immobilien AG,the pan-European investment manager in the real estate market, announced that the company continued its successful growth in 2016 as a leading property investment manager in Europe. The company has exceeded its profit forecast for the 2016 financial year significantly following a strong performance in the fourth quarter. The three months until 31 …
Continue reading “Patrizia exceeds its profit forecast for the 2016 financial year”
PATRIZIA Immobilien AG has completed the acquisition of Residenz am Waldplatz in Leipzig. The site has been acquired for the development of six residential towers for 74 units in the Centre-West district, due for completion in the middle of 2018. “Leipzig has become an important financial and business hub in Germany, with one of the …
