PATRIZIA Acquires Two Logistics Complexes in Tuscany: Key Advisors Involved
Deal News | Apr 08, 2025 | Legal Community Italy
PATRIZIA, a leading international real estate firm, has expanded its logistics portfolio in Europe through the acquisition of two logistics complexes in Tuscany, Italy. These properties were purchased from the Nigro Costruzioni Group under the PATRIZIA Logistik-Invest Europa Fund vehicle. The acquisitions include a last-mile logistics complex leased to UPS and a cross-docking facility in Lucca leased to Essity, both featuring advanced sustainability and technical specifications. This strategic acquisition is part of PATRIZIA's ongoing expansion in the European logistics market, which now sees the firm managing approximately €7 billion in assets. ING Bank provided financing for the transaction, with a legal and advisory team comprising international firm Ashurst, Pirola Pennuto Zei & Associati, Chiomenti, and Jones Day. The acquisition highlights the continued focus on high-quality, sustainable logistics assets across Europe's key markets.
Sectors
- Real Estate
- Logistics
- Finance
Geography
- Italy – The location where the logistics complexes have been acquired, specifically in the Tuscany region.
- Europe – Overarching region for PATRIZIA's logistics expansion strategy, which is part of its broader European market growth.
Industry
- Real Estate – Involves the acquisition and management of physical properties, which is a key aspect of PATRIZIA's operations as demonstrated by the acquisition of logistics complexes in Tuscany.
- Logistics – Pertains to the transportation and distribution facilities sector, relevant here as the acquired properties are designed for logistics use, including last-mile and cross-docking logistics.
- Finance – Related to the provision of funding and financial advisory services, as seen by the involvement of ING Bank in financing the acquisition.
Financials
- Approximately 7 billion euros – The total assets under management in PATRIZIA's logistics portfolio following the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PATRIZIA | Acquirer | Company | An international real estate firm acquiring logistics complexes in Tuscany. |
| Nigro Costruzioni Group | Vendor | Company | The selling company of the two logistics complexes in Tuscany. |
| UPS | Tenant | Company | Tenant of the last-mile logistics complex acquired by PATRIZIA. |
| Essity | Tenant | Company | Tenant of the cross-docking logistics facility in Lucca. |
| Ashurst | Legal Advisor | Company | International law firm advising PATRIZIA on acquisition aspects. |
| Pirola Pennuto Zei & Associati | Tax Advisor | Company | Advised PATRIZIA on the fiscal aspects of the acquisition. |
| Chiomenti | Legal Advisor | Company | Advised PATRIZIA on financing aspects. |
| Jones Day | Legal Advisor | Company | Advised ING Bank on the financing of the acquisition. |
| ING Bank | Financier | Company | Provided the financing for PATRIZIA's acquisition. |
| Legalab Studio Legale | Legal Advisor | Company | Assisted the selling companies on the legal aspects. |
| Studio Fratelli Barni | Tax Advisor | Company | Assisted the selling companies on tax matters. |