Principal Asset Management's LOG IN fund has strengthened its foothold in Italy's thriving industrial landscape, completing its fifth acquisition in the country through a carefully orchestrated sale-and-leaseback transaction that underscores the growing appetite for alternative financing solutions among European manufacturers.
The Principal Asset Management deal centres on a 3,774 m² industrial facility in Fossò, Veneto, leased back to a leading luxury footwear insole manufacturer under a robust 15-year agreement. This marks the second collaboration between LOG IN and the manufacturer, following a 9,200 m² Tuscany acquisition in Q4 2024, demonstrating the fund's ability to build lasting partnerships with key industrial players.
The property's strategic positioning within Veneto's established industrial corridor, just 16km from Padua and 30km from Venice with direct A4 motorway access, exemplifies the type of connectivity-rich assets that institutional investors increasingly prize in today's logistics-driven economy. Recent extensive refurbishments completed in Q2 2025 include sustainability-focused upgrades such as rooftop photovoltaic installations, aligning with ESG mandates that are reshaping industrial real estate valuations.
What makes this transaction particularly compelling for investors is the emerging trend of sale-and-leaseback arrangements becoming a preferred capital optimisation tool for established manufacturers seeking to unlock real estate equity whilst maintaining operational control. This model offers institutional buyers predictable, long-term income streams whilst supporting the reindustrialisation of Europe, a €750bn opportunity according to recent EU policy frameworks.
Guillaume Masset, head of transactions and asset management for Europe at Principal Asset Management, commented: "This new acquisition in Italy reaffirms LOG IN's ambition to stand alongside Europe's established industrial players in vibrant economic regions. At the crossroads of real estate and industrial growth, this transaction reflects our vision: combining environmental responsibility, long-term rental stability, and support for Europe's industrial economy".
Romain Welsch, president of Theoreim, added: "This new acquisition aligns perfectly with LOG IN's pan-European strategy, combining tenant quality, strong industrial roots, and value creation potential. This type of sale-and-leaseback operation goes well beyond acquiring a property: it's about supporting an industrial player by financing and leasing the real estate that houses their production line. Through this model, LOG IN concretely supports the reindustrialisation of Europe by funding locally rooted productive real estate and contributing to the sustainability of key industrial sectors".
The transaction was facilitated by Colliers, with Principal Asset Management advised by Studio Inzaghi on legal matters, Savills on technical aspects, and Forvis Mazars on taxation.
People mentioned:
- Guillaume Masset, Head of Transactions and Asset Management for Europe, Principal Asset Management
- Romain Welsch, President, Theoreim
Companies mentioned:
- Principal Asset Management - Global investment solutions business and fund manager
- LOG IN - European logistics and industrial fund
- Theoreim - French alternative investment management company and LOG IN partner
- Colliers - Transaction introducer
- Studio Inzaghi - Legal advisor
- Savills - Technical advisor
- Forvis Mazars - Tax advisor
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