Patron Capital and INBRIGHT Acquire 10,400 sqm Industrial Real Estate in Hanover for ESG-Led Refurbishment
Patron Capital and INBRIGHT have acquired a 10,400 square meter light industrial estate in Hanover, Germany, for an undisclosed price, the firms announced January 14. The real estate acquisition marks the fifth German property for the joint venture as part of its strategy to build a portfolio of sustainable logistics, warehouse real estate, and light industrial assets in key locations across Germany and Portugal.
The industrial real estate is located at Zu den Mergelbrüchen 5 and 7 in Hannover-Anderten/Misburg, the city's prime industrial area. The estate comprises 17,300 square meters of land with two buildings first completed in 1994 and 2005. The property currently maintains a 95% occupancy rate with tenants in the logistics and distribution sectors.
Strategic Location Supports Logistics Operations
The warehouse real estate benefits from direct access to major transportation infrastructure. The A7 motorway can be reached within five minutes and the A2 in eight minutes, providing access to one of Germany's major motorway intersections linking north-south and east-west routes. The tram stop Hannover Anderten-Misburg is located adjacent to the estate, while Hanover Central Station is a 20-minute drive away and Hanover Airport 25 minutes away.
The light industrial estate also benefits from proximity to the Hannover Messe, one of the world's largest trade fairs.
ESG-Led Real Estate Development Plans Target BREEAM Certification
Patron Capital and INBRIGHT will undertake an ESG-led refurbishment to enhance the building's sustainability, energy efficiency, and operational flexibility. Planned measures include the installation of a photovoltaic system, replacement of existing lighting with modern LED systems, and targeted upgrades to improve overall building performance.
A currently vacant high-bay storage area will be converted into flexible logistics, light industrial, and storage space, enhancing the estate's versatility to accommodate a broader range of occupiers. The refurbishment works will target at least a BREEAM "Good" certification, supporting the joint venture's strategy of delivering sustainable, future-proofed logistics and light industrial assets in prime locations.
Seventh Asset Acquired by Joint Venture
The Hanover transaction represents the seventh asset acquired by the joint venture in Germany and Portugal. Previous assets acquired by the partnership in Germany have been located in Cologne, Mainz, Hamburg, and Norderstedt, with further investments planned in strategically important industrial regions.
Engel & Völkers served as investment sales broker on the Hanover transaction.