Global investment manager GLP is reportedly in exclusive negotiations to acquire a portfolio of logistics assets in Northern Italy from US asset management giant Blackstone.
According to a news report by Italian paper Il Sole 24 Ore, the so-called Pi Century portfolio is being sold for over €260 mln through funds managed by Blackstone’s 35% owned arm Kryalos.
The 235,000 m2 portfolio comprises assets located in the Italian cities of Peschiera, Liscate, Tavazzano, Massalegno, Parma and Verona.
