SEGRO acquires Vailog for €39.6 mln in Northern Italy (IT)

SEGRO plc has exchanged contracts to acquire 90% of Vailog Srl from the majority shareholder, FBH Spa (‘FBH’), for €39.6 mln, subject to completion adjustments.
This transaction will allow SEGRO immediately to establish a strategic big box warehouse presence and operating platform in the important northern Italy logistics market with opportunities to grow additional scale through development.
Vailog is one of Italy’s leading logistics real estate development companies and it has an excellent track record: since it was founded in 2003, Vailog has developed over 1.5 million m² of logistics space in Italy, France and the Netherlands, working with investors including Deka Immobilien, AEW and Hines. It also owns high quality logistics properties in Italy and France, together with a land bank (and options over land) principally in the major European logistics hubs of Milan, Bologna, Rome, Paris, Lyon and Arnhem in the Netherlands.
Source: SEGRO