Garbe Industrial Real Estate Italy (Garbe) continues to expand its logistics investments in the Italian market announcing the acquisition of a 265,000m² plot of land in Tortona, in the province of Alessandria.
The site is fully permitted for construction, allowing the development of a 102,000m² logistics complex in a single block. This complex will be one of the largest logistics properties in Northern Italy, situated along the key corridor between Genoa and Milan.
GSE Goldbeck, a leading European company specializing in the construction of logistics and industrial buildings, is the general contractor for the project and has already taken possession of the site. The 16-month development project will be LEED Platinum certified, aiming for the highest standards of construction quality and sustainability. This commitment aligns with Garbe’s ongoing efforts to deliver environmentally friendly developments in Italy, as demonstrated by the Giovi Logistics Park in Silvano Pietra (Pavia) and the facility currently under construction in Covo (Bergamo), both of which are also LEED Platinum certified.
The investment targets a highly strategic area chosen by Garbe to meet the growing demand for logistics space in Northern Italy. The project will feature cutting-edge infrastructure and technological innovations, positioning the Tortona facility as a key hub in the European freight transport network, located near the Genoa interport.
Marco Grassidonio, Country Head Italy of Garbe Industrial Real Estate, said: “The future of the logistics sector in Italy is increasingly moving toward a development model that addresses the growing need for environmental, social and economic sustainability. The Tortona project fully reflects Garbe's ‘Sustainonomics’ approach. Every new project developed by Garbe minimises environmental impact, brings tangible benefits to the region, creates modern and sustainable infrastructure and is an attractive investment.”
Giulia Fradegrada, Head of Investment Italy of Garbe Industrial Real Estate, added: “We are extremely pleased to announce this significant acquisition, which accelerates Garbe’s expansion plan in Northern Italy – a key strategic area where we see substantial development opportunities. These are driven by the increasing European demand for advanced logistics spaces. This operation is part of our investment pipeline, which aims to consistently offer diversification and attractive returns to our investors.”
Garbe was assisted by the law firm DLA Piper for the legal aspects and by CBRE for the technical aspects.
Image source - Garbe.
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