The logistics buildings are located in Castel San Giovanni, approximately 25 kilometres west of Piacenza and 70 kilometres south of Milan, and have excellent motorway access. They comprise a leasable area spanning around 165,000 sqm, which is largely occupied by major international 3PLs players. The fund acquired the newly built distribution facilities in 2004 and 2011 respectively. They have been rated “Very Good” by BREEAM-In-Use, the British certification for sustainable construction. With this transaction, the fund management team is exploiting the high demand for logistics real estate and realising sale proceeds for the investors.

You can now read the full press release at the link below