Patrizia acquires Warburg-HIH properties in Münster and Krefeld
Patrizia Immobilien has acquired the “Portal 10” office building in Münster and a logistics center in Krefeld from Warburg-HIH. The “Portal 10” was built in 2010 and has 6,562 sqm of lettable space over seven floors, and is currently fully let to several tenants. The average remaining term of the leases is 6.7 years. The logistics center, located at Adolf-Dembach-Straße 25 in Krefeld, was built in 2014. Its 59,000 sqm of logistics space is being used by Siemens. This property is intended for the “Patrizia Logistik-Invest Europa I” (PLIE I) fund, thus making it fully placed. €150mn in equity capital has been collected to date for the successor fund PLIE II; its target equity capital volume is €350mn. CBRE brokered both transactions as asset deals over the course of structured sales processes.
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