Dils in the sale of two logistics development in Novara Cameri

We are proud to have acted as commercial advisor in the sale process of two recently completed logistics developments in Novara and Cameri, both located within the Greater West-Milan Area.

This investment, structured as a Forward Purchase, includes a total GLA of approximately 66,000 sqm, certified LEED GOLD.

The Cameri site, with a GLA of around ca. 28,000 sqm, has already been leased to a primary Italian 3pl player, before handover, while Novara site, with a GLA of ca. 38.000 sqm, is now available for lease.

The warehouses have been developed by Engineering 2K S.p.A. according to the highest modern logistics standards, ensuring functionality and innovation in line with the latest and advanced features of logistics facilities.

The Forward Purchase transaction involved VLD – part of FBH Group - as the seller, and Savills Investment Management, acting on behalf of institutional investors advised by J.P. Morgan Asset Management, as the buyer.

This transaction further consolidates Dils' role as the leading real estate advisor, particularly in high-profile logistics assets.

Michele Russo, Deputy Head of Acquisitions Europe at J.P. Morgan Asset Management, affirms:

"This acquisition is a significant step in expanding our portfolio of high-quality, strategically located logistics assets in key European markets. We are excited about the potential these properties offer within our pan-European investment”.