August 01, 2014

Milan: GVA Redilco advise on sale of 40,000 sq m logistics warehouse in Italy

GVA Redilco is pleased to announce the sale of a logistics warehouse in Paullo, a strategic location just east of Milan with good connections to the main national roads also thanks to the new Milan Outer Eastern Bypass (TEEM), for a total amount of €20.5 Mil.

The building consists of over 40,000 sq m covered surface, with a Sprinkler Systems ESFR and cross docking and is currently leased to a major logistics operator in the food & beverage sector.

Corpus Sireo Immobilienfonds, one of the major European investment real estate funds, sold the property to Prologis, the global leader for development, management and investment in industrial real estate.

With this new transaction, GVA Redilco, who acted as advisor, strengthens his leadership in the logistics/industrial market in Italy.

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