The logistics park has recently been extended and now boasts a total gross area of circa 66,000 sq m. The property is located in the northeast of Italy in Nogara, 34km south of the A4 highway. It is fully occupied by STI, a local logistics operator, who has managed the Coca-Cola logistics operations in Nogara since 1975.
Pierre-David Baylac, Fund Manager for EIF, CBRE Global Investors, said: "Nogara is a fantastic addition to the EIF portfolio. We have worked well with Techbau and are very pleased with the quality of both the renovation and the extension of this asset.”
Sandro Campora, Managing Director Italy, CBRE Global Investors commented: "The Italian logistics market offers high quality logistic assets, which attract a wide group of institutional core investors. We are therefore very pleased that we have been able to source this attractive asset for EIF.
We are actively looking to deploy further capital in Italy on behalf of clients across the risk spectrum".
With the acquisition of Nogara, EIF now totals 1,236,000 sq m of high quality logistics assets located in seven countries.
CBRE Global Investors was advised by K&L Gates, Arcadis, World Capital.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.5 billion in assets under management* as of March 31, 2017. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
About Techbau S.p.A.
Techbau SpA is an Italian company which acts as developer and general contractor, integrating planning into commercial, logistic, tertiary and touristic sectors.
In compliance with the strictest quality and safety regulations, all real estate properties are leed and bream certified. 2016/17 revenue is around 150 million.
Please visit our website www.techbau.it
This material may not be distributed in any jurisdiction in which it is illegal to do so. The information herein does not constitute an offer to sell or a solicitation of an offer to purchase any security. Past performance is not a guarantee of future performance.