CBRE Investment Management (CBRE IM) has added a portfolio of eight newly built assets in Italy to its European logistics platform.
The 327,000sqm portfolio comprises three assets in Bologna, three in Rome, one in Milan and one in Verona
CBRE IM said they were sold by real estate funds managed by Italian firms, underwritten by Techbau and BGO, but did not provide financial details.
Sandro Campora, head of transactions for Italy at CBRE IM, said: “This is a truly unique opportunity. We don’t believe a portfolio of this scale and quality has ever come to market in Italy before, which speaks to its strategic importance.
“Securing these grade-A assets in the country’s most critical logistics corridors allows us to deliver long-term, resilient income streams, while advancing our sustainability goals, and demonstrates our team’s ability to identify and capture exceptional opportunities in highly competitive sectors.”
Antonio Simontalero, portfolio manager at CBRE IM, said: “We believe this acquisition represents a compelling opportunity to deliver long-term value for our investors. By securing a portfolio of grade-A, highly-sustainable assets in Italy’s most strategic logistics corridors, we are positioning the fund to benefit from resilient income streams and structural growth drivers such as e-commerce and supply-chain reconfiguration.
“The combination of prime locations, strong tenant covenants and embedded development potential ensures we can create long-term performance while meeting our clients’ sustainability objectives.”
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