Partners Group (global private markets), Investire SGR (Italian real estate investment), and Impresa Tonon (construction and development) have announced a logistics partnership.
The three partners will jointly invest in five modern logistics facilities in Northern Italy, totaling 100,000 m2.
The projects are situated within the Veneto Corridor, which connects Italy, France, Portugal, and Spain to the main production and logistics hubs of Central and Eastern Europe (Mediterranean corridor) and the Baltic countries (Baltic-Adriatic corridor).
The portfolio is strategically placed near major traffic arteries, catering to both international tenants and broader European logistics needs.
The first building permit was issued in Q1 2023 and construction of a class A property for last-mile logistics in Udine will soon begin.
Marco Denari, member of the Management Board, senior investment leader, Private Real Estate Europe, and Federica Bajeli, Real Estate Asset Management Europe, Partners Group, say: ‘We believe that Northern Italy is at an interesting inflection point in today's market thanks to a combination of severe shortages of Grade A stock along the corridors key to the supply chain, continuous demand from tenants leaving premises obsolete from a technological/sustainable point of view and attractive capital values per m2.;
Alessandro Polenta, managing director of Investire SGR, commented: ‘The new investment platform represents a strategic milestone for the partnership, focusing both on the geographical position of the assets, strategically spread in the Veneto supply chain corridor and on new developments with ESG characteristics, which represent a solid point of reference to promote the local economy of Northern Italy.’
Roberto Tonon, CEO of Impresa Tonon, added: ‘With a track record since 1955 of research and valorization of high-quality logistics products, big box and last mile, in Northern Italy, we are pleased to collaborate with institutional real estate operators such as Investire SGR and Partners Group.’
The platform prioritizes ESG criteria, focuses on first and last-mile logistics, and aims to achieve LEED Gold compliance.
The partnership plans to expand its portfolio in Northern Italy over the next 18-24 months, with a pipeline of 400,000 m2 under development and existing assets identified. Additionally, a €50 mln green financing from UniCredit allows for further portfolio growth.
Legance, Ropes & Grey, EY, Avalon Consulting, and CBRE advised Partners Group.
