GVA Redilco advises Mediobanca SGR in the sale of a logistics portfolio

GVA Redilco advised the closed-end reserved real estate alternative investment fund (FIA) ’Aura’, managed by Mediobanca SGR, in the sale of a portfolio of logistics assets to the closed-end real estate alternative investment fund (FIA) ‘Thunder II’, reserved for professional investors and managed by Kryalos SGR.

The portfolio consists of five properties in Northern Italy, partly let and partly to be developed, for a total built floor surface of ca 36,000 sqm, in addition to buildable land with a 68,000 sqm development potential.

The growing market penetration of e-commerce is encouraging many operators to expand along the entire peninsula, however Northern Italy (in particular Lombardy, Veneto and upper Emilia Romagna) remains an increasingly strategic and dynamic geo-economic area with good take-up, where most of Italy’s quality development activity is concentrated. Diversification in terms of technical specifications is increasing, with higher demand for smaller warehouses, Last Mile and cold storage.