CBRE Global Investors has acquired a 31,100sqm distribution warehouse in Truccazzano as it continues to target the Italian real estate market.

The real estate investment manager bought the the asset from developer AKNO Business Parks for an undisclosed sum.

Sandro Campora, head of investment operations Italy, CBRE Global Investors said: “We bought the first phase of the Trucazzano Business Park from AKNO last year and we are very happy to continue the cooperation through this acquisition.

“This is typical of our approach to partner with good quality logistic developers forming long-term relationships.

“We have had significant transactional activity in Italy this year, closing on around €270m of acquisitions for various clients.”

CBRE Global Investors made the acquisition on behalf of its European Industrial Fund (EIF).

The warehouse is fully let to ePRICE, an Italian e-commerce company.