SEGRO disposed of the recently developed logistics assets in Italy worth €327m. Dils has acted as a buy-side commercial advisor for the acquisition executed by an international real estate investor.
The investment transaction focused on four new "CORE" assets ESG certified spanning a total GLA of ca. 340,000m2 and located two in Milan and two in Rome.
The portfolio is fully let to three leading national and international players active in the e-commerce, DIY, and supermarket chain, generating a passing rent of c. €19m with a WAULT >10 years.
Alfredo Mauri, Head of Logistics & Industrial, commented: “This acquisition represents a significant milestone in the Italian market, coming after an extended period of absence of pure CORE transactions. We are delighted that Dils has been a proactive player in one of the largest logistics transactions ever performed in our country. According to our latest market analysis, at H1 2024 the total logistics investment volume accounted for €490m, hence with this last significant transaction, together with the one performed just a few days ago in Castel San Giovanni between Deka Immobilien and Savills Investment Management, in these early days of Q3, the current investment volume has quickly reached a level of almost €1b confirming the dynamism of this sector.”
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