Barings has acquired a large-scale logistics development site in Mantova Sud, Italy, on behalf of a European value-added real estate strategy. The asset, which is owned through an Italian real estate fund managed by Savills IM SGR, comprises approximately 145,000 square meters (1.56 million square feet) to facilitate the development of a new class A logistics facility.
The site has planning consent for the speculative development of approximately 67,000 square meters (721,000 square feet) of high-quality, sustainable logistics space. Located within the prime Verona logistics submarket, approximately 50 kilometers (31 miles) south of Verona and 10 kilometers (6 miles) southeast of Mantova, the asset will benefit from strong occupational demand and limited supply of modern logistics space. Designed to meet a range of occupier requirements, the scheme can be divided into multiple units to accommodate several tenants as a multi-let facility.
The development occupies a high
