Global investment group Invesco has acquired a logistics park in Brescia, Italy, developed and sold by Techbau.
Financial details were not disclosed.
Situated in Chiari, the newly built logistics hub - completed earlier this month - consists of two buildings with a total area of about 84,000 m2, of which almost 14,000 m2 have been pre-let to an Italian operator in the logistics sector.
The assets were built to Grade A standard and will achieve LEED Gold certification.
The park is on an area of about 195,000 m2 adjacent to the Chiari motorway exit, along the A35 BreBeMi motorway, a strategic location thanks to the ease of connection with Milan and good access to the main national and international infrastructure networks.
Dils advised Invesco on the forward-purchase deal.
Acording to the broker and advisor, the deal highlights the continuing growth of the market for logistics real estate developments in Italy, fuelled by extremely dynamic end user demand for modern real estate and limited supply.
The vacancy rate in Italy for modern Logistics properties has been continuously below 3% for several years.
