Schroder Eurologistic Fund I, a closed-end fund managed by Schroder Property Investment Management, has completed the acquisition of a logistics site located in Fiumicino, close to Rome's International Airport, for over EUR 50mln. The fully let building is part of a 350,000 m[sup]2[/sup] logistic park. The acquisition reflects a net initial yield of 6.85%.
Schroder Eurologistic Fund I, a closed-end fund managed by Schroder Property Investment Management, has completed the acquisition of a logistics site located in Fiumicino, close to Rome's International Airport, for over EUR 50mln. The fully let building is part of a 350,000 m2 logistic park. The acquisition reflects a net initial yield of 6.85%.
Mathieu Cassinis, general manager property transactions in Italy for Schroder, said: 'We are very happy to finalise this acquisition; the strategic location close to the Rome International Airport granted us a secure investment. The total park count more than 350,000 m2 of warehouses and today 80% of the surface is pre-sold to end-users. The building will be the biggest one in the logistic park.'
