CBRE Global Investors, on behalf of a European separate account client, has acquired Anzola, a 36,246 m2 m fully let logistics asset in Bologna in the Emilia Romagna Region, Italy.
The asset is fully let to two tenants; Conad, the major Italian supermarket food chain, and Unilog, an Italian third-party logistics provider active in the food distribution sector.
Bologna is the second largest logistics market in Italy, offering excellent connections to the wealthiest Italian Regions (Lombardy, Veneto and Emilia Romagna). There is no vacant Grade A space at present and limited supply to come to the market due to restrictions on development within the municipality.
‘This was a rare opportunity to acquire a fully-let Grade A logistics asset in an attractive market with great potential,’ said Alberico Radice Fossati, head of Transactions Italy, CBRE Global Investors. ‘The demand for well-let, high-quality logistics assets has increased significantly in recent years, particularly in light of the pandemic, and this transaction is a strong endorsement of CBRE Global Investor’s logistics platform. Having acquired over €855 mln of European logistics assets in 34 deals across nine countries last year, we continue to see compelling opportunities in this sector.’
