Bain Capital and Stoneweg, on behalf of their Italian value-added logistics joint venture, have agreed to forward purchase, from the leading Italian logistics developer VLD, a €200 million ($228 million) portfolio of six grade A logistics warehouses in three locations, totaling 225,000 square meters (2.4 million square feet).
Located in established logistics hubs, the investments underscore the joint venture’s high conviction in a sector where muted development activity is keeping vacancy rates contained and driving attractive rental growth prospects, and a market where tenant demand is being underpinned by compelling demographic and favorable evolving consumer behaviors.
The portfolio comprises:
In greater Florence, a 45,000-square-meter (484,000-square-foot) development across two buildings, currently undergoing construction
In southern Rome, a 150,000-square-meter (1.6 million-square-foot) scheme across three big-box buildings, to be delive
