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PGIM Real Estate completes acquisition of prime Italian logistics
Transactions - FEBRUARY 14, 2024

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PGIM Real Estate completes acquisition of prime Italian logistics

by Released

PGIM Real Estate has acquired two prime logistics buildings in southern Milan and finalized two major leases for logistics properties in Berlin on behalf of its European core strategy. PGIM Real Estate is the $208 billion real estate investment firm of PGIM.

“Our logistics platform has seen significant rental growth as a result of our disciplined approach to acquisitions and active asset management capabilities enabling us to activate rental value and deliver continuous income growth,” said Christine Fritz, co-portfolio manager of the European core strategy. “More broadly, global investor sentiment continues to show that logistics remains highly favored in Europe – we see a strong structural growth story in the sector for Italy, Germany, and other European prime markets, with rents rising on the back of elevated ecommerce adoption and supply-chain restructuring.”

The properties, totaling 41,500 square meters (447,602 square feet) and fully let to a renowned

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