Industrial real estate developer and owner AMB Property Corporation said on Wednesday it has leased 11,700 m[sup]2[/sup] of its Milan development to Corriere Cecchi., a major Italian distributor of food products who is using the space to manage the global logistics of an olive oil products manufacturer.
Industrial real estate developer and owner AMB Property Corporation said on Wednesday it has leased 11,700 m2 of its Milan development to Corriere Cecchi., a major Italian distributor of food products who is using the space to manage the global logistics of an olive oil products manufacturer.
'Leasing activity at AMB Siziano Logistics Park demonstrates continuing customer demand for modern and efficient facilities in Milan,' said Mo Barzegar, AMB's managing director for Europe. 'While Europe's overall economy has been adversely affected by the global slowdown, demand for our European projects remains solid as evidenced by other recent customer commitments for AMB space in Amsterdam, Lyon and Paris.'
The park, which is located 10 miles south of Milan's city center, is a joint venture of AMB with Milan-based Redilco Group. Redilco is also managing the marketing of Siziano's new space. Construction of the first 40,000 m2 facility in the park was completed in June 2008.
