Patron Capital and INBRIGHT expand German light industrial portfolio with two new acquisitions

Patron Capital, a pan-European investor specializing in property-backed investments, and its partner INBRIGHT, a developer and asset manager, have acquired two new properties in Mainz and Hamburg as part of their €250 million light industrial investment programme in Germany. The acquisitions reinforce their strategy to create a portfolio of sustainably focused industrial assets in key locations.

The Mainz property, purchased from Aurelis Real Estate, offers more than 150,000 sq ft (14,000 sq m) of net rentable space on a 186,000 sq ft (17,300 sq m) plot in the Hechtsheim district, a prime location for logistics, pharmaceutical, and manufacturing businesses. With excellent connectivity to major motorways (A63, A60), Frankfurt Airport, and public transport, the area is also part of Germany’s leading biotech cluster, home to major companies and research institutions. The building is fully occupied by tenants from various industries. Patron and INBRIGHT plan to enhance its ESG credentials through renovations, roof upgrades, and sustainability-focused improvements to secure its long-term value.

The Hamburg acquisition is located at Porgesring 22 in the Billbrook district. The property spans 82,000 sq ft (7,600 sq m) of net rentable space on a 114,000 sq ft (10,600 sq m) plot. It will be leased back to the current owner until March 2025, after which a comprehensive refurbishment will begin. Planned upgrades include structural modifications, energy efficiency enhancements, additional ramps, removal of partition walls, and the transformation of ground-floor offices into showroom areas to better suit modern occupiers’ needs.

These acquisitions follow an earlier purchase in Cologne’s Marsdorf area, bringing the joint venture’s portfolio to three assets, with further acquisitions in the pipeline.

Christoph Ignaczak, Senior Partner and Investment Director at Patron Capital, highlighted the sector’s strong and stable growth, particularly in key economic hubs like Mainz and Hamburg. With over €200 million allocated for investments, the firm is actively seeking new opportunities to develop assets that align with modern tenant demands and sustainable practices.

Sebastian Pijnenburg, Managing Director of INBRIGHT Development, emphasized the strategic importance of these acquisitions amid a challenging real estate market. He noted that INBRIGHT’s focus on environmental and social sustainability aligns with growing ESG requirements while creating attractive, future-ready spaces for tenants.

The Mainz transaction was brokered by VALVEO, while BNP and Gerlach GLS advised on the Hamburg acquisition. These deals mark another step in Patron Capital and INBRIGHT’s expansion into the German light industrial sector, reinforcing their commitment to sustainable and strategic real estate investments.