Property developer P3 (Point Park Properties) has bought five logistics buildings around Milan with a total area of 200,000 m2.
Property developer P3 (Point Park Properties) has bought five logistics buildings around Milan with a total area of 200,000 m2.
Four warehouses totalling more than 170,000 m2 were bought from Logistis, a fund managed by AEW Europe. A 32,000 m2 site at Calvenzano, east of Milan, was bought from the family-owned CD Group. No prices have been disclosed.
‘P3 is implementing an investment programme to expand our pan-European logistics platform,’ said CEO Ian Worboys. ‘These warehouses, which are located in the industrial and business heart of Italy around Milan, substantially increase the number of assets P3 owns in Italy.’