TH Real Estate acquires prime logistic property in Italy

TH Real Estate acquires first premium logistic asset in Italy

TH Real Estate has acquired a logistics centre in Monticelli d’Ongina, Italy. The asset comprises a total area of c.248,710 ft² (c.23,100 m²) and was sold by Cerrius Srl, for an undisclosed sum.


The logistics centre was completed in 2011 by Cerrius Srl and was built to modern standards and specifications. The c.223,070 ft² (c.20,700 m²) of warehouse space and c.25,620 ft² (c.2,380 m²) of office space are split over three floors. The asset is fully let to SDA Poste Italiane


Tim Hennes, Fund Manager at TH Real Estate, commented: “The success of this first acquisition in Italy demonstrates the wide appeal of our strategy, offering investors an exclusive opportunity to make timely investments in high-quality core logistics assets in established European locations. The Italian real estate market is increasingly attractive. We have therefore created a local investment structure, which enables this strategy to invest efficiently in Italy going forward whilst at the same time aiming to optimise investment returns for our investors.” 


Laura Beltrametti, Portfolio Manager at TH Real Estate, adds: ”The asset benefits from very good access to the main transport route connecting the north and south of Italy. The Grade-A quality of the building makes this asset an ideal fit for the strategy.”


The strategy was launched in late 2016 to provide an investment opportunity for German clients. The Fund is targeting a diversified portfolio across its core countries Italy, France, Spain and the Netherlands, all of which show a rising demand for logistics facilities. Current investors include pension funds, insurance firms and banks.


TH Real Estate was advised by Gatti Pavesi Bianchi for the legal due diligence and SPA negotiation. Linklaters served as a tax advisor and TÜV Süd Advimo advised on the technical and environmental aspects. Engels&Völkers acted as a broker.



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