Patrizia has added a newly built logistics warehouse in Andr茅zieux-Bouth茅on, France to its portfolio.
The real estate manager said it bought the 61,000sqm asset on behalf of one of its Pan-European logistics funds from Goodman France for an undisclosed sum.
The asset is located on the ZAC de l鈥橭rme industrial estate and is fully-let to C-Logistics, a logistics affiliate of Cdiscount, on a long-term lease.
The acquisition follows Patrizia鈥檚 recent acquisition of a portfolio of logistics properties in the Netherlands for 鈧�130.8m; a 57,000sqm Dutch logistics facility in Waalwijk; and portfolio of six logistics properties in Germany for 鈧�59m.
Nicolai Soltau, fund manager, logistics Europe at Patrizia, said: 鈥淭his latest acquisition adds another high-quality and well-located core asset to our portfolio that will benefit from the robust e-commerce activity in western Europe.
鈥滳-Logistics has a strong covenant so to sign them on a long-term lease guarantees secure and stable cash flows for our investors in the years to come.鈥�
