International Industrial Properties (IIProp) is a growing logistics platform focused on investing in industrial and logistics space in key European markets. The platform is developed in partnership with Panattoni, a leading developer of industrial real estate in Europe & US.

The platform was established in 2021, when it expanded across multiple European economies, securing first projects in the Netherlands and Poland, in parallel to expansion in the already established markets of Germany and Spain. The platform continued its expansion throughout 2022, by selectively adding projects in core Western European markets (France, Italy, Austria) as well as through converting its well-positioned land bank into standing assets.

Throughout 2023, the company sold three single-let logistics assets in Germany and Spain of total 70,000 sqm. The projects were located in Neuenburg am Rhein, Bensheim and in Murcia, Spain. All developments were let to a blue chip tenants on a basis of a long-term triple net leases. The disposals completed in 2023 add to a first portfolio sale of 20,000 sqm in Germany back in 2022, bringing total disposal programme to 90,000 sqm to date.

IIProp’s current portfolio comprises 7 projects in key logistics hubs in Austria, France, Italy, Netherlands and Poland. The total estimated GLA of IIProp’s secured projects amounts to ca. 343,000 sqm, out of which over 108,000 sqm stands for stabilized assets. Future projects are strategically sourced within established Western European markets.

IIProp is owned by Madison International Realty and Griffin Capital Partners.