Patron Capital and INBRIGHT JV acquires Hamburg light industrial asset for refurbishment
Hamburg/Berlin, July 8 2025 – Patron Capital, the pan-European institutional investor focused on property-backed investments, and its partner INBRIGHT, the specialist light industrial and logistics investor, developer, and asset manager, have acquired a 13,700 square meter light industrial property for refurbishment in Norderstedt, Germany, for an undisclosed price.
Norderstedt is part of Hamburg’s metropolitan region directly to the north of the city. The urban logistics asset is ideally located for business, a few minutes’ drive from Hamburg Airport and close to motorway links providing easy access to the rest of Germany, Denmark, the Netherlands, Poland and beyond.
Patron Capital and INBRIGHT will invest to transform the property to modern ESG-led standards. It is the fourth asset the partners have purchased in Germany in the last 18-months as part of their joint investment programme to build a portfolio of sustainability focused light industrial and logistics assets in key locations in Germany and Portugal.
The Norderstedt property has been sold by a Hamburg based developer. It was previously a logistics subsidiary for shoe retailer Goertz until the end of 2024. A comprehensive refurbishment to significantly enhance the asset’s ESG credentials is planned, including installing improved insulation, energy-efficient lighting and environmentally friendly heating technology, as well as modernizing the building’s storage areas and the renovation of its roof. Flexible spaces to allow for different occupier uses and business concepts will also be incorporated.
The joint venture between Patron Capital and INBRIGHT is aiming to build a diversified portfolio of sustainable light industrial and logistics properties with a value of EUR 250 million in economically strong locations in Germany. The JV is also operating in Portugal, building investments in light industrial and logistics properties valued at EUR 100 million. This acquisition in Norderstedt brings the JV’s number of purchases in Germany and Portugal to five – in Germany properties in Cologne-Marsdorf, Mainz and Hamburg-Porgesring have been acquired and more are in the pipeline.
Christoph Ignaczak, Senior Partner and Investment Director at Patron Capital, said: "Germany is a key market in Europe’s light industrial sector. With its location in the Hamburg metropolitan region, Norderstedt is ideally placed to meet increasing demand for flexible light industrial and last-mile logistics space. Through strategic investments of this kind, together with INBRIGHT we are actively responding to market opportunities by delivering the Grade-A energy efficient space modern occupiers want. We will continue to build the JV’s portfolio in a targeted manner. With over EUR 200 million in investment capital, we are actively seeking additional properties in Germany’s light industrial sector with similar potential.”
Sebastian Pijnenburg, Managing Director of INBRIGHT Development GmbH, said: "The combination of an excellent location, development potential and the opportunity to implement sustainable credentials made this property in Norderstedt an ideal candidate for our portfolio strategy. We look forward to transforming this asset to its full potential together with Patron Capital."
The transaction was brokered by Grossman + Berger. Legal counsel was provided by GSK Stockmann.
Copyright: INBRIGHT Development GmbH, Katerine WitteÜber INBRIGHT
INBRIGHT develops light industrial and logistics properties in economically strong locations with excellent transport connections. Since its founding in 2020, the company has delivered projects with a total investment volume of over €500 million and approximately 230,000 square meters of rental space in Germany. With the establishment of INBRIGHT Portugal, the company has expanded into the Portuguese market. Today, INBRIGHT employs 25 team members, all dedicated to implementing sustainable and innovative real estate solutions.
www.inbright.deINBRIGHT Development GmbH
Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.deMedia Enquiries INBRIGHT
Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.comAbout Patron Capital Partners
Patron represents approximately €5.3 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has undertaken more than 200 transactions across 114 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.
Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 63 people, including a 40-person investment team.
www.patroncapital.comMedia Enquiries Patron Capital
Henry Columbine/Polly Warrack via SEC Newgate
t: +44 (0)7808 541191
e: patron@secnewgate.co.uk
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
How we derived Our ESG strategy
In an initial workshop, we first developed core values for our company. The development of an ESG strategy for INBRIGHT is based on this: main topics were determined and validated based on a fixed evaluation scheme in a two-day workshop. On the one hand, the topics result from the requirements of national and international industry standards and frameworks, such as DGNB, LEED and GRESB, and, on the other hand, from general sustainability standards, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Sustainable Development Goals. The list of topics was ultimately supplemented by specific industry requirements from the Light Industrial area. The collection of topics was classified based on a fixed evaluation scheme in a materiality assessment using a two-dimensional matrix with the dimensions “Relevance to business” and “Effects on the government and society”. The topics with the highest values in both dimensions, and hence being above the materiality threshold, form the basis of our ESG strategy or our sustainability programme. The materiality assessment is revalidated annually with the participation of internal and external stakeholders and the assessment of the topics is adjusted accordingly.
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
