Based on the high demand for logistics properties, Deka Immobilien has just realized a sale profit for the investors of the open-ended real estate fund Deka-ImmobilienEuropa. The logistics portfolio, located in Castel San Giovanni near Piacenza and south of Milan, has been successfully sold to an institutional investor. The sale price remains confidential.
With an impressive rentable area of around 165,000 sqm, predominantly used by leading international 3PL companies, the distribution halls are a significant asset. The high-quality logistics buildings are strategically well-located and offer excellent highway connections.
Acquired as new constructions in 2004 and 2011, they are certified with the British BREEAM in Use rating of "Very Good" for sustainable construction.
