DeA Capital Real Estate SGR, in partnership with Palm Capital, has established a new Closed-End Real Estate Alternative Investment Fund, fully subscribed by international investors specialised in long-term real estate investments, with the objective of investing significant amounts of capital in the logistics sector in Italy by purchasing both existing properties and properties to be developed.
The Fund, named ‘Palm Partners Italy I’, finalised its first investment through the purchase of a plot of land located in the Novara province where a new logistics building, with high technical, energy and environmental standards, will be developed.
The building will have a gross floor area of approximately 64,000 square metres, plus parking and external maneuvering areas, and characteristics in line with the best market standards. It is leased through a pre-let contract to an international company in the logistics/commercial sector already existing in Italy and in several European countries.
Following the first investment, the Fund will continue its activity with further acquisitions of assets for logistics use which are already in the pipeline.
You can now read the full press release at the link below
