CBRE Global Investors has acquired a logistics park located in Truccazzano near Milan, on behalf of its CBRE European Industrial Fund (EIF).
The asset was sold by Akno Business Parks, an international industrial and logistics park developer and manager, for around €24 mln.
Built by Akno in 2004, the asset consists of two independent logistics warehouses connected by an office building, a total gross area of 35,000 m2. The property is fully occupied.
Pierre-David Baylac, fund manager for EIF at CBRE Global Investors, said: ‘We are delighted to add Truccazzano to the EIF portfolio, which has a special focus on divisible high quality assets in the main large population centre in Western Europe.’
Sandro Campora, managing director Italy at CBRE Global Investors, added ‘This transaction is another example of the growing interest of international investors in the Italian market, and the logistics sector in particular. Logistics continues to grow as a strategic asset class for investors in Italy, and we aim to invest further in this sector going forward.’
