Patron Capital and INBRIGHT acquire two new properties for German light industrial programme

Berlin, Januar 30 2025 – Patron Capital, the pan-European investor focused on property-backed investments, and its partner INBRIGHT, the developer and asset manager, have acquired two new properties as part of their light industrial programme, which is aiming to create a €250 million portfolio of sustainably focused light industrial assets in key locations across Germany. The first new asset is in the German city of Mainz and has been acquired from Aurelis Real Estate. The building has a net rentable area of more than 150,000 sq ft (14,000 sq m) and is located on a plot of around 186,000 sq ft (17,300 sq m). It is located in the Hechtsheim area of Mainz, which is a popular base for businesses operating in the logistics, pharmaceutical and manufacturing sectors and has excellent connections to the A63 and A60 motorways, as well as being close to Frankfurt Airport and local public transport services. Mainz is also one of Germany’s leading biotech clusters, bringing together companies, renowned research institutions and universities. Foto: Valveo fairfleet360 The property is currently fully let to companies from various industries; Patron and INBRIGHT intend to upgrade it over the coming years through a targeted asset management plan. Renovations, including to the roof, as well as the implementation of sustainability-focused upgrades, will aim to improve the building’s ESG credentials and future proof it for the long term. Foto: Simon Wegener Photography The second new building is at Porgesring 22 in the Billbrook area of Hamburg. On a 114,000 sq ft (10,600 sq m) plot, it has a net rentable area of 82,000 sq ft (7,600 sq m). The property will be leased back to the vendor, a private investor, until March 2025, after which Patron and INBRIGHT plan to start a comprehensive refurbishment programme. This will include structural alterations and energy efficiency improvements to make the property more sustainable, more flexible and more aligned with the needs of modern occupiers. Planned improvements include the installation of additional ramps, the removal of partition walls and the conversion of ground-floor offices into showroom areas. These purchases bring the total number of assets acquired by the joint venture to three, following the acquisition of a building in the Marsdorf area of Cologne. Further acquisitions are also in the pipeline. Christoph Ignaczak, Senior Partner and Investment Director at Patron Capital, said: “The light industrial sector has seen strong and stable growth in recent years, particularly in economically strong regions such as Mainz and Hamburg. With over €200 million of firepower for investments of this type, we continue to seek out additional suitable assets that we can develop sustainably to suit modern occupiers’ requirements, growing our platform further while benefiting from the supply-and-demand imbalances of the light industrial sector in Germany.” Sebastian Pijnenburg, Managing Director of INBRIGHT Development, said: “We’re proud to complete these successful transactions, particularly in the context of a challenging environment for the real estate industry more broadly. Our portfolio strategy focuses on targeted measures to increase the environmental and social sustainability of our buildings. In this way, we meet growing ESG requirements while at the same time creating an attractive environment for our tenants.” The purchase in Mainz was brokered by VALVEO; BNP and Gerlach GLS advised on the Hamburg transaction.   About Patron Capital Partners Patron represents approximately €5.2 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 110 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, private foundations, and high net worth individuals 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 65 people, including a 41-person investment team. Further information about Patron Capital is available at www.patroncapital.com About INBRIGHT INBRIGHT develops light industrial properties in economically strong locations with excellent transport connections. Since it was founded in 2020, the company has undertaken light industrial and logistics projects totaling around €455 million and covering a total lettable area of around 2.3 million sq ft (215,000 sq m). Over the same period, the number of employees has grown to more than 25. Further information about INBRIGHT is available at www.inbright.de.   INBRIGHT Development GmbH Erasmusstr. 14 10553 Berlin +49 (0) 30 4036862-0 info@inbright.de Press Contact INBRIGHT Yvonne Hoberg GLOWING MIND | Communications & Transformation M +49 151 54 750 169 yvonne.hoberg@glowing-mind.com