BNP Paribas Real Estate Investment Management (REIM), on behalf of its Eurozone Logistics Fund (ELF), has bought two fully-let logistic warehouses in Italy from Prologis.
The manager said it has added a 30,750sqm warehouse in Anagni and a 27,300sqm warehouse in Brembate to ELF’s portfolio.
Jean-Maxime Jouis, the global head of fund management at BNP Paribas REIM, said: “These two acquisitions help strengthen the European diversification of the fund, which is now composed of 12 new logistic platforms located in prime logistic areas. In addition, these assets are fully let to quality tenants.”
Vincenzo Nocerino, CIO of BNP Paribas REIM Italy, said: “With these transactions, we have secured to ELF two properties of great value and return, expanding its exposure to the Italian logistic, which represents a strategic asset class for BNP Paribas REIM.”
To read the digital edition of the latest IPE Real Assets magazine click here.