"The acquisition of this Italian portfolio - very well located, fully let and with development potential - allows us to capture growing demand for logistics space and gives us immediate scale in the market."
Portfolio
Fully let logistics site south of Milan with land for development
In Monticelli, south of Milan, a warehouse constructed in 2008 with a leasable area of 58,000 sq.m (621,000 sq.ft). Fully let to Whirlpool, it is currently undergoing approximately €1m of capex works to improve the asset, including installing LEDs throughout.