GARBE Industrial Real Estate GmbH (“GARBE Industrial”), one of the leading providers and managers of logistics, light industrial and technology assets in Germany and Europe, formed a third joint venture with SFO Capital Partners, a London-based global real estate investor and investment manager to develop and manage a 22,000 sqm Grade A logistics development in Italy.
The project MilEast Logistics Park involves a state-of-the-art logistics development on a brownfield site in the Milan metropolitan area. The plot was acquired in October 2024. GARBE Industrial will act as property developer and property manager. The building will provide a net lettable area of 22,000 sqm with flexible layout suitable for single- or multi-tenant occupancy. It will boasts 18 loading bays, a 12 m clear height, and 118 parking spots, and will be certified to LEED Platinum standard.
“This logistics development MilEast Logistics Park in Covo (Bergamo, Italy) is the third joint project with SFO Capital Partners and the second one in Italy. The project will be another demonstration of the joint venture commitment to sustainable and innovative Real Estate development. The proven collaboration with SFO Capital Partners enables us to build properties that are fit for the future, to set new standards within the logistics sector, and to deliver value both for the occupants and for investors,” said Dr. Peter Bartholomäus, Head of Fund Management & Capital Markets and Member of the Executive Board at GARBE Industrial.
You can now read the full press release at the link below
