German property group Patrizia has announced the acquisition of a 52,572 m2 logistics asset in Tilburg, the Netherlands, for around €73 mln in an off-market transaction, on behalf of clients investing in its Patrizia Logistik-Invest Europe III Fund.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
