Dils acted as broker in the sale and leaseback of a logistics property purchased by an Alternative Real Estate Investment Fund and managed by Kryalos SGR S.p.A.. The building, located in Fara Olivana, in the province of Bergamo, is the new logistics hub for Magris S.p.A., a leading Italian company in the B2B distribution of cleaning products, which developed the property in 2020 and has now signed a long-term lease.
The asset is located in the ‘Greater Milan’ area, along the A35 BreBeMi motorway connecting the cities of Brescia and Milan, a location of fundamental importance for logistics thanks to its proximity to Milan’s eastern hinterland, considered the most interesting location in Italy for logistics buildings and parks. Leading national and international companies in the retail, supermarket and e-commerce sectors also recently chose the A35 motorway as the location for their new logistics hubs.
The property has a GLA of over 20,000 sqm, is a Grade A asset and has obtained BREEAM certification (Building Research Establishment Environmental Assessment Method) thanks to its very high standards of sustainability and energy efficiency.
"The transaction has taken advantage of a favorable market," comments Davide Magris, Board Member of Magris S.p.A. "to mobilize resources and increase our investments in the business’s core activity - in acquisitions, innovation and the commercial development of new channels. All without compromising the need to ensure stability and the security of having an avant-garde logistics property which is BREEAM certified, in that our first concern is to ensure the success of our clients and that they receive the best service."
This deal confirms the attractiveness of, and significant interest from both national and international investors for, Grade A properties located in particularly strategic locations. According to data from Dils, in the first three months of 2022 investments in the Logistics sector recorded the highest value for the first quarter of any year (€671 million, equal to 20% of the total real estate investment volumes invested for the quarter and more than double that of Q1 2021). Logistics thus remains a market in continuous expansion, boasting an uninterrupted growth trend for the last 10 years, both in the volumes invested and in its weighting compared to other asset classes.