London-based private equity rela estate firm Patron Capital Partners and Berlin-based light industrial project developer and investor Inbright have established a platform for sustainable light industrial real estate investments in Germany.
Patron Capital Partners and Inbright plan to acquire light industrial properties in the top 7 regions and in economically strong regions such as Karlsruhe, Ulm, Regensburg and Nuremberg with a volume of around €250 million over the next three years.
The acquisition focus is on objects with a value between 5 million and 30 million euros.
“The start of this investment strategy is an important milestone for Inbright to accelerate our current growth phase in Germany. This means that our medium-term goals are within reach,” explains Torsten Schmidt, Managing Director of Inbright Development.
“Since our company was founded in 2020, we have initiated light industrial and logistics projects with a total investment volume of around EUR 440 million and around 200,000 square meters of rental space throughout Germany. Through the close cooperation with Patron Capital Partners, which has now lasted around two years, we want to significantly expand this volume and use the positive momentum for further activities.”
“As one of the world’s most important regions for light industrial, Germany is highly attractive for investors. This is due to both the long-term stable economic factors and the high demand for buildings with the most modern production conditions for Industry 4.0, such as Inbright creates,” explains Christoph Ignaczak, Senior Partner and Investment Director at Patron Capital Partners .
“Companies alone cannot finance the often necessary building modernization under extensive sustainability aspects. This opens up opportunities for private capital to finance sustainable business locations.”
Investments are aimed at sustainable renovation of existing buildings.
Martin Czaja, partner of Inbright Investment GmbH, says: “Our commitment to sustainability pays off. Because taxonomy-compliant light industrial properties can achieve attractive long-term rents due to their numerous advantages. The energy-efficient construction and the use of renewable energies as well as the flexible space concept have a positive effect on the operating costs. With predominantly long-term leases in the Light Industrial segment, this asset class is therefore interesting for institutional investors.”
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!
