Turin: GVA Redilco advisor in the sale of a logistics portfolio

The Italian logistics real estate market continues to grow and has recorded another relevant transaction: GVA Redilco acted as exclusive advisor in the sale and purchase agreement of a logistics portfolio of approximately 156,000 sqm, sold by DeA Capital SGR on behalf of GO Italia VI Fund, a real estate investment fund fully invested by BentallGreenOak.

With the transaction, CBRE Global Investors SGR SpA has acquired three newly built assets located in the metropolitan area of Turin on behalf of the ’EIF ITALIAN – Reserved Real Estate Alternative Investment Fund’.

The portfolio comprises the 60,000 sqm BTS warehouse in Turin, Corso Romania, which hosts an international tyre brand’s European Distribution Center, the adjacent ’speculative’ development of over 80,000 sqm which was recently completed and is now available for letting (GVA Redilco has been granted an exclusive leasing mandate to market the asset), and a 15,000  sqm ’last mile/courier’ BTS warehouse, fully let to a third-party logistics provider, which is located in Orbassano within  the Intermodal Goods Centre of Turin.

International investors’ interest in core investment opportunities and next-generation assets is consolidating.