Goldman Sachs Asset Management and Kervis sign €1b Italian logistics partnership
Goldman Sachs Asset Management and Kervis SGR, on behalf of Milione alternative investment fund, have been awarded two plots of land in Northern Italy, which have a total area of about 200,000 square meters (2.2 million square feet) and a value of about €130 million ($154 million) for the development of buildings for logistical use characterized by the highest technological standards of market, maximum organizational flexibility and compliance with social, environmental and governance requirements.
These assets form the basis of the new strategic partnership between the two companies, which has a goal of becoming a primary operator in the Italian logistics sector, which is attracting more and more institutional capital.
In recent years, Goldman Sachs Asset Management has invested in logistics assets in Europe, and — with the local experience and expertise of Kervis — it aims to develop a platform to become a sector leader in Italy.
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