Real assets manager Patrizia has bought a prime logistics centre in the Netherlands for €73 million.
The asset, comprising over 53,000 sqm and located in Tilburg, was bought on behalf of Patrizia’s newly launched third fund in its Logistik-Invest Europe range.
Patrizia said that Tilburg is regarded as one of the best logistics locations in Europe due to its proximity to port cities Antwerp and Rotterdam.
The logistics facility is fully let to stichd – a wholly owned subsidiary of sportswear manufacturer Puma.
Alexander van Gastel, who led the transaction for Patrizia, said: “The sustained and rapid growth in e-commerce, as well as urbanisation and the on-shoring of manufacturing across Europe, continues to drive the demand for prime logistics properties, especially in premium distribution hubs such as Tilburg.”
The acquisition brings the firm’s logistics portfolio to over €5 billion.
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