Patrizia invests in 24‑asset Lidl portfolio across France, Italy and Spain

Patrizia has strengthened its European food retail platform with the acquisition of a 24‑asset portfolio of newly developed Lidl stores across France, Italy and Spain.

The portfolio comprises ten assets in Italy, eight in Spain and six in France, totalling approximately 50,000 sq m of floor area.

All assets are fully let to Lidl through its local operating companies on long‑duration, CPI‑indexed leases, providing stable, inflation‑linked income and reflecting the defensive characteristics of the food retail sector. The acquisition expands Patrizia’s footprint across Southern Europe and builds on more than two decades of investment experience in European food retail.

“Food retail continues to offer attractive investment opportunities where the underlying real estate and operator strength support durable income,” said Christie Wright, Co‑Head of Investment Management at Patrizia. “The sector also benefits from long‑term structural trends, including urbanisation and the need for well‑located essential retail. This portfolio is a strong fit for our strategy, with high‑quality assets across three important European markets. It also builds on Patrizia’s long‑standing expertise in the sector and further strengthens our European food retail platform.”

Patrizia manages approximately €4.2 billion of retail assets across Europe and continues to invest selectively in opportunities supported by long‑term structural trends shaping real assets, including urbanisation and evolving consumer needs.