European real estate fund manager Patron Capital has extended its relationship with developer Inbright with a new venture to invest in sustainable light industrial assets in Germany.
Patron Capital is providing the capital to enable Inbright to acquire properties for the newly launched platform that seeks to own a portfolio of around €250 million over the next three years.
The platform intends to acquire assets primarily in Germany’s top seven regions of Berlin, Hamburg, Munich, Stuttgart, Cologne, Frankfurt and Düsseldorf, as well as additional areas with “strong economic prospects such as Karlsruhe, Ulm, Regensburg and Nuremberg”.
The venture will focus on the renovation of existing buildings and will look to acquire assets valued between €5 million and €30 million.
The latest partnership extends the relationship between pan-European institutional investor Patron Capital and Inbright, which began two years ago when the companies partnered on the transformation of an industrial site in Ludwigsburg in Germany.
Source: realassets.ipe.com on the 14th of June 2023
https://realassets.ipe.com/news/patron-capital-and-inbright-extend-pact-with-250m-industrial-platform/10067200.article