PATRIZIA AG, a leading partner for global real assets, announces the sale of Schönefeld Airpark in Berlin, Germany, to CBRE Global Investors.
PATRIZIA acquired the site, which is located 1 km to the north the new Berlin Brandenburg Airport in Schönefeld, in 2014 and has constructed more than 80,000 sq m of lettable space across four phases alongside development partner, Verdion Group. The units range in size from 5,000 sq m to 20,000 sq m.
The site is multi-let to seven tenants including Dachser logistics and Bringmeister, the food delivery service of Edeka. PATRIZIA’s asset management team carried out leasing activity in conjunction with Verdion and achieved full letting on the completion of each speculative phase over the development. The final phase was completed in Q4 2020.
PATRIZIA’s European logistics portfolio stands at over EUR 5 billion and represents around 11% of total AUM.
Source : PATRIZIA