Publications

Investors - SEPTEMBER 15, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Goldman Sachs Asset Management and Kervis sign €1b Italian logistics partnership

by Andrea Zander

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.

Over the next 24 m

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.