BNP Paribas REIM has acquired two logistic warehouses in Italy. The vendor is Prologis. The purchase price was not disclosed. The first asset is a grade-A build-to-suit warehouse, located in Anagni in the South East of Rome. Delivered in 2007, the warehouse totals a surface area of 30,750m². It profits from a strategic location in the main logistic market of the Rome Greater Area with direct access to the A1 highway, which crosses Italy from North to South, from Milan to Naples. The asset is fully let to the first food retailer in Italy.
The second asset is located in Brembate in the North East of Milan. Delivered in 2020, the warehouse totals a surface area of 27,300 sqm. It benefits from an ideal location in one of the prime logistics markets in Italy and direct access to the A4 highway, which crosses the North of the country from Turin to Trieste. The asset is certified LEED Silver and is fully let to 3PL logistics player.
Jean-Maxime Jouis, Global Head of Fund Management for the business line BNP Paribas REIM, commented: "These two acquisitions help strengthen the European diversification of the fund, which is now composed of 12 new logistic platforms located in prime logistic areas. In addition, these assets are fully let to quality tenants."
Vincenzo Nocerino, Chief Investment Officer of BNP Paribas REIM Italy SGR stated: "With these transactions, we have secured to ELF two properties of great value and return, expanding its exposure to the Italian logistic, which represents a strategic asset class for BNP Paribas REIM."
