Celio Fund, a closed-end real estate fund with EPISO 3 as sole investor, managed by BNP Paribas REIM SGR, and CCP IV funds, advised by pan-European real estate investment manager Tristan Capital Partners, have announced the sale of seven Italian logistics assets to GLP.
The sale of the approximately 200,000-square-meter (2.15 million-square-foot) class A portfolio, located around Milan and Rome, represents one of the largest logistics transactions in Italy this year and follows the refinancing of 100,000 square meters (1.08 million square feet) of the space in 2020. The assets come with a strong and established tenant line-up and are well positioned to benefit from the growth of Italy’s two largest cities.
Yassine Berkane, director, portfolio and asset management, at Tristan Capital Partners, said, “This transaction demonstrates the strong desire there is in the market for institutional-quality, well-located logistics assets in Italy. Changing consumer habits, incl
