07 February 2017
Milan
Reporter: Stephanie Palmer
AEW facilitates Italian sale and leaseback
AEW has completed the sale and leaseback of a logistics asset in Northern Italy, on behalf of the Logistis fund.

Logistis acquired the 127,100-square metre site from third-party logistics operator DSV. The asset is now leased entirely to DSV.

Located in San Pietro Mosezzo, 60km west of Milan, the logistics campus is located close to the A4 motorway that links Turin and Milan, and easily accessible from both Milan Malpensa Airport and the port of Genova.

The sale and leaseback brings Logistis’s presence in Italy to around 330,000 square metres in assets under management. It also strengthens the fund’s existing relationship with DSV.

Logistis completed a €400 million capital raise in July 2016, meaning it had a combined investment volume for 2015 and 2016 of €1.5 billion.

According to Rémy Vertupier, fund manager of Logistis, this most recent transaction means the fund has completed 70 percent of its investment programme.

Vertupier said: “We will now look to build on this success, and on AEW’s long-running track record in the logistics sector, by continuing to source compelling investment opportunities for the fund.”

“To this end, we have identified a number of potential opportunities in Italy and across Europe more broadly, and we should make further announcements in the near term.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Spring REIT blossoms in UK with 84 commercial acquisitions
30 March 2017 | London | Reporter: Theo Andrew
Spring Real Estate Investment Trust has agreed to acquire 84 commercial properties from Hawkeye Oval Holdco III Limited and Hawkeye Oval II LLP in the UK, for £73.5 million
CBRE sell Eastern European portfolio
30 March 2017 | Prague | Reporter: Theo Andrew
CBRE Global Investors has sold a portfolio of 11 assets, mainly shopping centres, across Eastern Europe, for €650 million
UK finally triggers Brexit
29 March 2017 | London | Reporter: Mark Dugdale
The UK has officially pulled the trigger on Article 50 and commenced the two-year negotiation process that will end in its exit from the EU
Coca Cola Berlin HQ sold to Rockspring
29 March 2017 | Berlin | Reporter: Theo Andrew
Rockspring has acquired Coca Cola’s headquarters in Berlin for €59 million, on behalf of its PanEuropean PropertyLimited Partnership fund
Segro raises £573 million in share placing
28 March 2017 | London | Reporter: Theo Andrew
Segro has successfully placed 166 million shares, raising gross proceeds of £573 million to finance its purchase of the Airport Property Partnership
Rockspring sells part of Spanish portfolio
28 March 2017 | Madrid | Reporter: Theo Andrew
Rockspring has sold part of a Spanish retail portfolio to Group Lar for €110.7 million, on behalf of a separate account mandate
LaSalle sells Nike store in Glasgow
27 March 2017 | Glasgow | Reporter: Theo Andrew
Redevco has acquired a high street retail asset in the Nike flagship store on Buchanan Street in Glasgow, for £29 million in an off-market deal