Italy
Portugal
Dils assisted Scannell Properties in the competitive process that concluded with the sale to Patrizia AG of a portfolio consisting of two newly constructed logistic assets, totalling 36,800 sqm. The two units, already let to international tenants, are located in Rome and Bologna, in areas of particular importance for ‘last mile’ distribution.
The first asset located in Rome on Via Birolli, was built in 2021 and has a total area of approx. 9,000 sqm and is fully leased to Stellantis &You, the retail division of Stellantis, one of the global leading manufacturers of automotive supplies.
The warehouse’s position is strategic: it is located within the Great Ring Road, which surrounds the city and connects it to the A1 and A24 junctions of the Italian motorway network, reaching a catchment area of 3.5 million users.
The second building, built in 2022, is located adjacent to Bologna Airport and is served by the ring road connecting to two main motorways, namely the A1 and A14. It occupies a total area of over 27,700 sqm and is let to two major third-party logistics (3PL) operators.
Both assets meet high ESG standards and have obtained BREEAM Very Good certification.
The spread of e-commerce has made the logistics industry increasingly significant to the global economy; therefore, the demand for suitable spaces is particularly high, especially in locations considered prime. Rome and Bologna, in particular, are two fundamental markets for the last-mile logistics sector in Italy, thanks to their central location and the densely populated areas they serve.
“We are pleased to have advised Scannell on this this sale; the latest of several successful projects with the company over the last 24 months. The positive outcome of this transaction confirms the interest of international investors in high quality and sustainable logistics and last mile assets positioned in strategic areas, capable of meeting the highest quality standards, and respecting sustainability criteria.” commented Alfredo Mauri, Head of Logistics & Industrial at Dils.
Geoffrey Pizzanelli, Head of Capital Deployment for Europe & the UK at Scannell Properties added “The leasing and subsequent sale of these assets highlights that in spite of ongoing economic uncertainty, there is still significant demand from occupiers and investors for the right product in the best locations. This is particularly true in Italy where the combination of e-commerce growth and outdated warehouse supply create strong fundamentals for logistics real estate development and investment.”
Pierluigi Scialanga, Head of Transactions in Italy for PATRIZIA, comments: “The persistent low supply of prime urban logistics assets in Italy’s key submarkets continues to offer a bright long-term outlook for its industrial sector. While the global market remains extremely challenging, our local approach combined with solid financial position and strong data intelligence ensures we are able to identify attractive opportunities for our investors and execute quickly when we are convinced of the quality of the deal. In line with our thematic, high-conviction strategy, we are focused on acquiring assets that minimise their impact on the environment, make a positive contribution to the community and drive ESG standards.”
