MG Real Estate sells logistic asset in the Netherlands to Patrizia Immobilien AG

10 October 2018

MG Real Estate has sold a new, state-of-the-art logistic asset in Roosendaal, The Netherlands to Patrizia Immobilien AG.

The asset, which comprises a total floor area of 11,225 sqm and is state-of-the-art LED certified including cold ambient storage, is fully let on a long-term lease to Yusen Logistics Co. Ltd., which uses the facility as a distribution centre for its freight and truck transportation business, as well as for its marine shipping brokerage business. The asset is in Noord-Brabant province adjacent to the A-17 motorway, an established logistics corridor for the south west of the Netherlands and Belgium, including the route running from the ports of Rotterdam and Antwerp eastward.

MG Real Estate is a real estate development and investment company specialized in the development of large logistic schemes, warehouses and state-of-the art office buildings, retail centres and residential developments on prime locations. By developing a new distribution centre for Yusen Logistics in the industrial zone Borchwerf in Roosendaal, MG Real Estate answered the specific demands for a high-value logistic pharmaceuticals storage solution.

PATRIZIA Immobilien AG announces that it has acquired the new state-of-the-art logistics facility from MG Real Estate. This is the fund’s second investment in the Netherlands. Patriziahas been active as an investment manager in the real estate market across Europe for more than 30 years. PATRIZIA’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms.