Realterm acquired an industrial outdoor storage (IOS) facility in Italy on behalf of its Pan-European core-plus fund. The circa 47,500m2, fully-paved property, is located in the heart of Verona’s Interporto logistics market and marks a significant addition to Realterm's growing portfolio.
Strategically positioned at the intersection of Europe's North-South and East-West freight corridors, Verona is a key high-flow-through location and Europe’s second-ranked intermodal dry port. The property, built in 2023, boasts a layout optimized for maximum efficiency in container storage and truck staging.
“Italy has limited availability in the industrial sector, with a vacancy rate below 1.5%, and a limited development pipeline, underpinning the strength of the market,” said Hugues Tallandier, Associate Vice President of Investments Europe, Realterm. “The property facilitates a variety of different freight movements, given its prime location at the exit of the rail terminal and the crossroads of major European transport corridors.”
Verona's pivotal location, connecting major European transportation corridors such as the A4 – Mediterranean Corridor and the A22 – Northern Europe/Germany to Southern Italy, enhances the property's appeal. The region's infrastructure projects, including a new rail tunnel between Italy and Austria and a rail terminal expansion, further underscore the strategic significance of Verona Interporto.
“This strategic acquisition in Verona further solidifies our presence in the European industrial real estate landscape, reinforcing our dedication to providing optimal supply chain solutions in key logistics hubs,” said Alberto Radice Fossati, Managing Director, Realterm. “Realterm focuses on real assets and Infrastructure for the transportation industry and this IOS acquisition in the Verona Interporto is a perfect fit for our strategy.”
Realterm was represented in this transaction by Greenberg Traurig Santa Maria for legal aspects, Pirola Pennuto Zei & Associati for tax matters and Yard Reaas as a technical and environmental advisor. Savills brokered the deal.
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Image provided by Rubenstein. Courtesy of Realterm.
