CBRE Global Investors, on behalf of its European Industrial Fund (EIF), has acquired a portfolio of three new class A logistics assets in Turin, Italy. The vendor was DeA Capital Real Estate SGR S.p.A., on behalf of its AIFM GO Italia VI Fund, which is fully invested by BentallGreenOak.
The three assets offer total gross living assets of 156,300 square meters (tk square feet), including a 60,300-square-meter (649,000-square-foot) warehouse that is fully let to an international brand on a 10-year lease and an adjacent 80,800-square-meter (879,000-square-foot) warehouse that was developed on a speculative basis. The final asset is a 15,300-square-meter (164,690-square-foot) warehouse within S.I.TO Turin Interporto, which is let to a third-party logistics provider on a 12-year lease.
All three assets are visible and easily accessible within the Turin market. In addition, Turin is part of European Corridor 5, which connects Lisbon to Kiev, and benefits from close proximity
