Italian property firm Akno has announced plans to invest over €70 mln in the construction of a modern industrial facility in Belgioioso, Northern Italy.
The state-of-the-art production hub will be located on a partially urbanised area of about 187,000 m2 and will involve the development of two lots in two different stages, providing a total floor area of over 102,000 m2.
The first phase has already begun and involves the construction of Lot 1, covering a total of 54,000 m2. The asset is reportedly being developed on a speculative basis by Akno, a major developer in Northern Italy.
Last July the firm also bought an 80,000 m2 site in Peschiera Borromeo near Milan for a new development project.
