Transactions - NOVEMBER 29, 2021

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South Korean investor buys Amazon logistics in Milan for €200m

by Andrea Zander

South Korea-based Midas Asset Management Co. has bought a logistics center leased to Amazon in Milan for €200 million ($226 million), according to media outlets.

Amazon leased the 162,000-square-meter (1.7 million-square-foot) property for 15 years.

The property is in the Milan area, a logistics gateway to Southern Europe and a key economic foothold in Italy. The center is also connected by highway to northern regions in Italy, areas with strong consumption based on their large populations.

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