CBRE Global Investors has bought a fully let logistics asset in Italy on behalf of a European separate account client.
The manager has invested an undisclosed amount to buy Anzola, a 36,246sqm logistics asset in Bologna in the Emilia Romagna region.
Alberico Radice Fossati, the head of transactions in Italy at CBRE Global Investors said this was a rare opportunity to acquire a fully-let Grade A logistics asset in an attractive market with great potential.
“The demand for well-let, high-quality logistics assets has increased significantly in recent years, particularly in light of the pandemic, and this transaction is a strong endorsement of CBRE Global Investor’s logistics platform.
“Having acquired over €855m of European logistics assets in 34 deals across nine countries last year, we continue to see compelling opportunities in this sector.”
To read the digital edition of the latest IPE Real Assets magazine click here.