The acquisition of the land plot and development, which closed at the end of December 2024, is the latest transaction for Invesco Real Estate in the European logistics market and caps a record 2024 for the firm in terms of the volume and value of deals. The logistics sector accounted for c. 60% of all deals completed in 2024 in Europe, and currently c. 36% of Invesco Real Estate’s secured pipeline. 

Set to complete in 2026, the Piedmont asset is pre-let to Conad Nord-Ovest, part of the Conad Group, a market leader in large-scale retail distribution in Italy. The asset will be key to the efficient distribution of fresh products in the group’s northwest region, the second largest in terms of revenue and the number of retail stores in the Conad Group. 

The Piedmont site is strategically located in the Savona retro-port market, along the EU Mediterranean corridor connecting, among others, the city of Turin with the Port of Savona. The corridor is the main north Italian network which crosses the country from east to west.

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