BNP Paribas REIM Italy has completed the acquisition of a logistics property located in Villamarzana, province of Rovigo. The Grade A building, fully leased to an international operator, has a total area of 44,800m² and is strategically located near the Villamarzana motorway exit. This asset is one of the fund’s last three acquisitions with the one in Vienna and the one in Dublin, which enable the capital deployment of the ELF fund to be completed. The signing of the deal in Dublin was successfully performed in May and the closing will occur at the delivery of the asset in Q4 2021.
Laurent Ternisien, Chief Client Officer of BNP Paribas REIM and Chief Executive Officer of BNP Paribas REIM Luxembourg, commented: "This acquisition helps strengthen the European diversification of the fund and completes its capital deployment, which is now composed of 15 new logistic platforms located in prime logistic areas spread over six countries. In addition, this asset is fully let to quality tenants."