Corporate | 28 September 2015 08:30
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DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Expansion
PATRIZIA establishes division for pan-European logistics business
In the context of globalisation and the associated dynamic expansion in online shopping, logistics properties are gaining in importance and becoming increasingly attractive to investors. E-commerce grew by 16% in Europe last year alone, and this trend is set to continue. This situation is giving rise to a whole new class of use-specific logistics facilities as e-commerce logistics models are responding to the rapid boom in online retail and the changes in consumer behaviour and preferences. With the spread of e-commerce, physical distribution systems are changing, particularly for retail logistics. PATRIZIA’s logistics platform is based on the changes in the supply chain caused by changed consumer behaviour – reflected in the growth of e-commerce, new infrastructures and the transformation of retail by digital technologies – and it provides properties throughout Europe that meet these changed requirements and the growing demand in metropolitan areas. “We have noticed that changed consumer behaviour is having a major impact on the way in which retailers and logistics service providers handle products services, making the combination of the location and the building a key factor for business success,” said Klaus Schmitt. The nucleus of the new logistics team is a three-member expert team that PATRIZIA acquired to expand its logistics property business. “With this move, PATRIZIA is systematically pursuing its internationalisation strategy in which expansion takes place only where other well-established companies can be incorporated into the Group as subsidiaries or where highly-qualified experts can be obtained,” says Schmitt. The expert team comprises Roger Peters, Arthur Tielens and Octavian Cristea, who have a joint track record of over 50 years in the pan-European field of logistics properties. For example, Roger Peters held a leading role at Prologis for many years. Arthur Tielens worked most recently for Valad Europe and previously for AMB Property Corporation and Aberdeen Property Investors, among others. Under their leadership, international investors will in future be able to invest via PATRIZIA throughout Europe in logistics properties to be used by e-commerce companies as well as conventional logistics properties. The new logistics platform also delivers competitive advantages for its customers, because the company can conduct sale-and-lease-back transactions with logistics customers, acquisitions and (new) developments through local strategic partnerships from its existing European platform. This enables investors to benefit from the growth in online retail for years to come.
PATRIZIA Immobilien AG:
Press
Investor Relations
2015-09-28 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | PATRIZIA Immobilien AG | |
| Fuggerstraße 26 | ||
| 86150 Augsburg | ||
| Germany | ||
| Phone: | +49 (0)821 – 509 10-000 | |
| Fax: | +49 (0)821 – 509 10-999 | |
| E-mail: | investor.relations@patrizia.ag | |
| Internet: | www.patrizia.ag | |
| ISIN: | DE000PAT1AG3 | |
| WKN: | PAT1AG | |
| Indices: | SDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart | |
| End of News | DGAP News Service |
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| 397309 2015-09-28 |