Patron Capital and Inbright acquire Hanover logistics estate

European institutional investor Patron Capital and industrial and logistics specialist Inbright have jointly acquired a 10,400 m2 logistics and light industrial estate in Hanover, Germany. 

Hanover - Patron Capital

This is their fifth acquisition in Germany as part of a strategy to build a sustainable portfolio of last-mile logistics and light industrial properties in key German and Portuguese locations.
The acquired property, located in Hanover-Anderten/Misburg, a prime industrial area, boasts excellent transport links. It's adjacent to a tram stop, five minutes from the A7 motorway, and eight minutes from the A2, offering direct access to major north-south and east-west routes. Hanover Central Station is a 20-minute drive, and Hanover Airport is 25 minutes away. The estate also benefits from its proximity to the 'Hannover Messe' trade fair.
Currently 95% occupied by logistics and distribution tenants, the estate consists of two buildings completed in 1994 and 2005 on a 17,300 m2 plot.
Patron Capital and Inbright plan an ESG-focused refurbishment to improve the buildings' sustainability, energy efficiency, and operational flexibility. This will include installing a photovoltaic system, upgrading to LED lighting, and other enhancements. A vacant high-bay storage area will be converted into flexible logistics, light industrial, and storage space to attract a wider range of tenants.
The refurbishment aims to achieve at least a BREEAM "Good" certification, aligning with the joint venture's goal of developing sustainable, future-proof logistics and light industrial assets in prime locations.
This acquisition marks the seventh asset for the joint venture across Germany and Portugal, with previous German acquisitions in Cologne, Mainz, Hamburg, and Norderstedt, and further investments planned in other strategic industrial regions.
Christoph Ignaczak, senior partner and investment director at Patron Capital, said: “The sustainable transformation of logistics-focused industrial assets in strategic German locations remains a high-conviction theme for Patron. We are pleased to announce this latest acquisition in Hanover and look forward to implementing our refurbishment plan, delivering sustainable, flexible property that is fit for the future in this important logistics-focused industrial cluster in northern Germany.”
Frederik Keller-Berndorff, senior transaction manager of Inbright Development, said: "From an operational perspective, Hanover is an ideal location for a light industrial refurbishment. The property’s excellent connectivity, combined with its strong existing tenant base, allows us to optimise both functionality and sustainability. This makes it a prime location for businesses seeking high-quality logistics and light industrial space."
The transaction was brokered by Engel & Völkers, with legal counsel provided by GSK Stockmann.