Garbe Industrial Real Estate is expanding its logistics investments in the Italian market with the acquisition of a 265,000 sqm plot of land in Tortona, in the province of Alessandria.
The site has full construction permissions, paving the way for the development of a 102,000sqm logistics complex in a single block. This will be one of the largest logistics properties in Northern Italy along the key corridor between Genoa and Milan.
The general contractor for the project is GSE Goldbeck, which specialises in the construction of logistics and industrial buildings and has already taken possession of the site. The 16-month development project will be LEED Platinum certified, targeting the highest standards of construction quality and sustainability. This aligns with Garbe’s ongoing commitment to delivering environmentally friendly developments in Italy, as demonstrated by the Giovi Logistics Park in Silvano Pietra (Pavia) and the facility under construction in Covo (Bergamo), both LEED Platinum certified.
Marco Grassidonio, country head Italy of Garbe Industrial Real Estate, said: “The future of the logistics sector in Italy is increasingly moving toward a development model that addresses the growing need for environmental, social and economical sustainability. The Tortona project fully reflects Garbe’s ‘Sustainonomics’ approach. Every new project developed by Garbe minimises environmental impact, brings tangible benefits to the region, creating modern and sustainable infrastructure and is an attractive investment.”
Giulia Fradegrada, head of investment Italy of Garbe Industrial Real Estate, added: “We are extremely pleased to announce this significant acquisition, which accelerates Garbe’s expansion plan in Northern Italy – a key strategic area where we see substantial development opportunities. These are driven by the increasing European demand for advanced logistics spaces. This operation is part of our investment pipeline, which aims to consistently offer diversification and attractive returns to our investors.”
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