PATRIZIA acquires two logistics assets in Tuscany, expanding Italian portfolio

PATRIZIA, an international real asset investment manager, has acquired two logistics properties in Tuscany, further expanding its logistics footprint in Italy. The assets were acquired through the PATRIZIA Logistik-Invest Europa fund for approximately EUR 30 million and add to the company’s EUR 7 billion European logistics portfolio.

The acquisition includes a last-mile logistics facility in Prato, near Florence, currently leased to UPS, and a cross-docking facility in Lucca leased to Essity. The properties were developed in 2020 and 2021 and are built to Grade A specifications. Both buildings include rooftop photovoltaic systems and other sustainability features.

The Prato facility is located near major transport routes, including the A1 and A11 motorways, and serves last-mile distribution operations in Tuscany and Emilia-Romagna. The Lucca property is positioned along infrastructure corridors linking Florence, Pisa, and Livorno and supports logistics in a region with a strong industrial base, particularly in paper production. Both properties are located in areas with low warehouse vacancy rates and limited availability of modern logistics space.

PATRIZIA has indicated that the assets are fully let under long-term leases to their respective tenants. The Prato facility processes over 14,000 packages daily and connects to regional airports. The Lucca site supports Essity’s local distribution needs and is located near one of the company’s key Italian production sites. Both buildings feature clear heights of up to 12 metres and high floor load capacities.

The acquisition supports PATRIZIA’s broader strategy of investing in logistics real estate in established markets with stable income and growth potential. The company plans to enhance sustainability performance further, including expanding rooftop solar energy systems.

PATRIZIA’s recent logistics acquisitions reflect continued demand for well-located and technically modern industrial assets in areas with strong transport infrastructure and growing supply chain needs. Tuscany remains an active logistics region, supported by road, port, and airport access and steady demand for contemporary distribution space.