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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.

Über 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.de

INBRIGHT Development GmbH

Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.de

Media Enquiries INBRIGHT

Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.com

About 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.com

Media Enquiries Patron Capital

Henry Columbine/Polly Warrack via SEC Newgate
t: +44 (0)7808 541191
e: patron@secnewgate.co.uk

Growing light-industrial hub attracts media group, music merchandiser, and engineering firm

Cologne/Berlin, July 3, 2025 – The joint venture between Patron and INBRIGHT, specializing in light-industrial real estate, has signed three new leases at Max-Planck-Strasse 35 in Cologne-Marsdorf. A total of approximately 1,415 square meters of light-industrial space has been let to new tenants: PLAN4 Engineering GmbH, Europe-wide fulfillment specialist MusicMerch GmbH, and a leading German media group.

PLAN4 Engineering GmbH, a planner and developer of industrial plants in the field of mineral processing and bulk material systems, has leased approximately 220 square meters of office space.

MusicMerch GmbH, an established European fulfillment partner for merchandise products, is using 165 square meters of warehouse space to support its logistics operations around music merchandise – including for the successful children’s brand „Heavysaurus”.

Completing the tenant trio is a major German media company, already present at the site, which is now leasing an additional 1,029 square meters of hall space under a long-term agreement.

Marsdorf increasingly attractive to tech and creative industries

The property in Cologne-Marsdorf comprises roughly 14,000 square meters of rentable space and was acquired in early 2024 by Patron Capital and INBRIGHT as part of their joint investment strategy focused on German light-industrial and logistics assets. The site offers flexible hall and office space in a highly accessible location, with direct access to the A1/A4 motorways and convenient public transport connections to downtown Cologne.

Previously known primarily as a logistics and retail center location, Marsdorf is gaining traction with technology and creative-sector companies due to its strategic advantages and space flexibility.

“Tech, creatives, media – this vibrant mix brings new energy to our site at Max-Planck-Strasse,” says Lea Birnfeld, Senior Project Manager at INBRIGHT. “We’re delighted by the trust shown by our new tenants. The strong demand demonstrates that Marsdorf has more potential than many realize. With a clear eye on market needs and our commitment to sustainable modernization, we are creating future-ready spaces.”

Über 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.de

INBRIGHT Development GmbH

Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.de

Media Enquiries INBRIGHT

Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.com

London/Lissabon, 08.04.2025. 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 launched a new EUR 100 million investment programme focused on building a portfolio of sustainability focused light industrial and logistics assets in key locations in Portugal.

The venture will primarily target assets with value-add potential that can be refurbished to modern energy efficient standards in Greater Lisbon and Greater Porto, with selective acquisitions also being planned in economically strong Portuguese regions, industrial clusters, and key transport hubs. The first acquisition has already been successfully completed with the purchase of Alto BP, a multi-let 16,259 sqm GLA industrial estate in Vila Franca de Xira, northwest of Lisbon in the city’s wider metropolitan area. The property, which was taken over from private equity company ECS, is 90% occupied, with a Portuguese National Government entity being its main tenant.

The Portuguese light industrial and logistics sector presents a compelling investment opportunity, supported by a raft of positive tailwinds including a significant undersupply of modern and efficient space. The market’s sub-5% vacancy rate, combined with a restricted new development pipeline and ageing, ESG-non-compliant stock, has created a favorable investment backdrop for those with the right investment and asset management expertise.

The new venture marks the second time Patron Capital and INBRIGHT have partnered together, following their successful EUR 250 million light industrial and logistics investment strategy in Germany. As part of this ongoing programme, they have acquired properties in Cologne, Hamburg, and Mainz with further acquisitions in the pipeline. In addition to these investments, the partners are jointly developing LIZ – Ludwigsburg Industriezentrum, a large-scale urban industrial project in Ludwigsburg in Southwest Germany. Patron has also partnered with Base Investments to build a portfolio of light industrial and logistics assets in The Netherlands.

The new Portuguese venture by Patron Capital and INBRIGHT Portugal will leverage the successful approach rolled out by Patron Capital and INBRIGHT in Germany with the aim of creating long-term value for both investors and tenants. INBRIGHT has established INBRIGHT Portugal with an office in Lisbon providing on-the-ground presence for close market monitoring and efficient asset management.

Jonatas Szkurnik, Senior Partner and Investment Director at Patron Capital, said: “We see significant potential in the Portuguese light industrial and logistics market. This is being driven by robust demand from occupiers seeking high quality, efficient and modern space of the kind our new venture with INBRIGHT Portugal will set out to deliver. We are also seeing demand from owner-occupiers for sale and leaseback arrangements with investors that enable them to unlock capital to be re-investment in their core business. Patron Capital and INBRIGHT Portugal have the flexibility and capital to provide funding solutions and modern spaces to the market.”

Christoph Gumlich, Managing Partner at INBRIGHT Portugal, said: “This first acquisition in Portugal highlights the programme’s focus on assets in excellent locations with potential to be optimised through active asset management and sustainable refurbishment. There is high demand for modern, ESG-compliant light industrial and logistics properties in Portugal and by leveraging our expertise, we will develop and manage high quality assets that meet market needs, improve sustainability standards, and capitalise on growth potential.”

Manuel Noronha Andrade, CEO of ECS, commented: “We are pleased to have concluded this transaction with Patron Capital and INBRIGHT Portugal. Throughout the process, we worked in a goal-oriented and constructive manner. Their solid approach and high expertise give us confidence that the sold asset will continue to thrive and make a positive contribution to the Portuguese light industrial and logistics market.”

Patron Capital and INBRIGHT’s Portuguese venture will acquire properties with value-add potential that can be transformed to deliver attractive returns. Refurbishment priorities will focus on sustainability and delivering energy efficiency improvements, including reducing CO2 emissions and achieving at least a “Good” BREEAM In-Use certification. The venture is aiming to build a portfolio providing resilient long-term returns while contributing to economic growth by playing a role in modernising Portugal’s light industrial and logistics stock.

The property was sold by a special purpose vehicle (SPV) managed by ECS. NewCycle and TFRA advised the Buyer and CBRE and CVG Lawyers advised the Seller on the transaction.

About Patron Capital

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

Media Enquiries Patron Capital

Henry Columbine/Polly Warrack via SEC Newgate
t: +44 (0)7808 541191
patron@secnewgate.co.uk

Über 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.de

INBRIGHT Portugal

INVIVO Projectos Imobiliários, Lda.
Rua D. João V, 30
1250-091 Lisboa, Portugal
info@inbright.pt

INBRIGHT Development GmbH

Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.de

Media Enquiries INBRIGHT

Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.com

Berlin/Lisbon, 26 March 2025. INBRIGHT, the German Light Industrial investor, developer and asset manager, is expanding into Portugal, continuing its growth trajectory. Together with Christoph Gumlich, the company has founded ‘INBRIGHT Portugal’ based in Lisbon. From this new location, INBRIGHT will focus on the development and optimisation of light industrial and logistics properties in Portugal’s economically strong markets. A key focus will be the sustainable transformation of existing properties as part of the company’s successful “Transform to Green” strategy, which has already been implemented in Germany. Since 2020, INBRIGHT has built a light industrial and logistics portfolio valued at over EUR 500 million. The first acquisitions in Portugal are about to be finalised.

“The Portuguese real estate market, particularly in the light industrial and logistics sectors, is characterised by a significant supply gap for modern, future-proof commercial spaces. At the same time, there is a vast stock of outdated properties with great potential for targeted transformation. This makes Portugal an excellent fit for our business strategy, and with Christoph Gumlich, we have the right partner on the ground,” says Sebastian Pijnenburg, Managing Partner of INBRIGHT Development GmbH.

Christoph Gumlich, Co-Founder and Managing Partner of INBRIGHT Portugal, will be a key figure in driving the company’s expansion in the Portuguese market. Gumlich holds a Master’s degree in Real Estate from the International Real Estate Business School (IRE|BS) and a degree in Real Estate Economics and Management from the University of Applied Sciences Holzminden (HAWK). He brings over ten years of experience in the commercial real estate industry, specialising in investment, asset management, and project development. Before joining INBRIGHT, he held senior positions at BEOS and Allgemeine SÜDBODEN, where he was responsible for large-scale light industrial and commercial real estate projects.

Christoph Gumlich | Foto: Simon Wegener

“Portugal has emerged as a dynamic market for light industrial and logistics investments, benefiting significantly from the nearshoring and e-commerce trends. In major urban centres, there is a strong demand for high-quality, ESG-compliant spaces, while supply remains limited,” says Christoph Gumlich, Managing Partner of INBRIGHT Portugal.

“While new developments are crucial in addressing the supply gap, the transformation and active management of existing properties play an equally important role. As a local partner, we support both approaches and see great potential in the sustainable modernisation of existing assets.”

Portugal: A Dynamic Market with Growing International Demand

Since the Covid pandemic, Portugal has become one of the world’s most attractive nearshoring destinations. According to the latest Savills Nearshoring Index, Portugal ranks as the top location in this category. As part of the European single market, the country offers favourable business conditions, including moderate labour costs, a highly skilled workforce, and a stable economic environment.

These factors make Portugal a prime destination for companies focused on the European market. Recently, Volkswagen developed its Palmela plant into one of its most efficient production hubs, while Lufthansa has made significant investments in a new maintenance and repair facility in the country.

Alongside the increasing presence of international corporations, Portugal’s real estate market has become increasingly globalised following the global financial crisis. Today, around 80% of real estate investments come from foreign investors—primarily from the U.S., the U.K., France, Spain, and Germany. These investors now consider ESG criteria and building certifications as standard requirements. However, the Portuguese market has yet to fully meet these expectations, as a large portion of existing commercial real estate does not comply with modern sustainability and quality standards.

This presents significant potential for targeted investments, which INBRIGHT Portugal aims to leverage by sustainably modernising existing properties in line with its “Transform to Green” strategy. “We expect demand for efficient, ESG-compliant real estate in Portugal to continue rising,” explains Christoph Gumlich. “With our expertise in sustainable property transformation within the light industrial and logistics sectors, we can actively respond to evolving tenant demands and develop projects for both international investors and the local market.”

About 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.de

INBRIGHT Portugal

INVIVO Projectos Imobiliários, Lda.
Rua D. João V, 30
1250-091 Lisboa, Portugal
info@inbright.pt

INBRIGHT Development GmbH

Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.de

Pressekontakt INBRIGHT

Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.com