LOG IN, a European industrial real estate fund set up by Principal Asset Management and Theoreim, has added a 19,600sqm logistics asset in Italy to its portfolio.

The asset, located at Collesalvetti, 2.5km from the Florence-Pisa-Livorno logistics axis, one of the most important logistics corridors in the region and a major intermodal axis at European level, provides 19,600sqm of logistics space and marks LOG IN’s fourth acquisition in Italy. It is let for a further 12 years to a company specialising in integrated logistics and supply chain management, majority-owned by a world leader in maritime transport.

LOG IN, created in 2022, is seeking to increase its exposure to industrial, data-centre and life-sciences sectors by acquiring assets in lot sizes ranging from €5m to €25m, adding to its existing portfolio of 11 assets in the UK, Spain, Italy and Germany.

Guillaume Masset, head of transactions and asset management for Europe at Principal Asset Management, said: “This strategic asset strengthens our presence in Italy, at the heart of a key logistics region. With a long-term lease and a strong tenant, this acquisition offers a unique combination of income stability and growth potential, which is perfectly in line with LOG IN’s strategy.”

Romain Welsch, president of Theoreim, added: “With this second acquisition in Tuscany, LOG IN is continuing its European expansion by joining forces with strong companies and consolidating its presence in strategic regions in response to the growing demand for high-quality logistics services.”

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