AEW completes development and fully let logistics asset near Milan
AEW has completed a 38,500-square-meter (414,410-square-foot) logistics asset in Calvenzano, Italy, on behalf of LOGISTIS, its specialist pan-European logistics strategy.
AEW acquired the brownfield site in 2022, and development was completed in the same year. The asset has achieved BREEAM New Construction "Very Good" certification, and AEW is currently installing a photovoltaic panel system on the roof, which is expected to be complete by the end of the year. The asset is fully let on a six-year lease (with six-year extension option) to the Danish multinational company DSV Solutions, the world's third-largest player specializing in logistics and transport solutions.
The asset, located near the Treviglio exit of the A35 BreBeMi motorway, is positioned between 'the cities of Milan, Bergamo and Brescia, in a strategic area of Lombardy, well connected to the main production centers of the region. The property benefits from easy access to Milan Linate and Orio al Se