Dils advisor in one of the greatest core logistics transactions in Italy

International real estate investor acquires a logistics portfolio in Italy that worth €327 million

Dils has acted as buy-side commercial advisor for the acquisition of a logistics portfolio in Italy that worth €327 million executed by an international real estate investor.

The investment transaction focused on four new “CORE” assets ESG certified spanning a total GLA of ca. 340,000 sqm and located two in Milan and two in Rome.

All the assets have been recently developed directly by Vailog SEGRO as Build-To-Suit, and disposed by SEGRO itself, in its role as venture adviser to the SEGRO European Logistics Partnership (“SELP”) joint venture.

The portfolio is fully let to three leading national and international players active in the e-commerce, DIY, and supermarket chain, generating a passing rent of approx. €19 million with a WAULT >10 years.

Alfredo Mauri, Head of Logistics & Industrial, commented: “This acquisition represents a significant milestone in the Italian market, coming after an extended period of absence of pure CORE transaction. We are delighted that Dils has been a proactive player in one of the largest logistics transactions ever performed in our country. According to our latest market analysis, at H1 2024 the total logistics investment volume accounted to €490 million, hence with this last significant transaction, together with the one performed just a few days ago in Castel San Giovanni between Deka Immobilien and Savills Investment Management, in these early days of Q3, the current investment volume has quickly reached a level of almost €1bn confirming the dynamism of this sector”.