BNP Paribas REIM acquires logistics park in Italy

BNP Paribas REIM acquires logistics park in Italy

BNP Paribas REIM has purchased a brand-new logistics park in Vigasio, province of Verona, Italy.

Dils acted as commercial advisor in the purchase and sale transaction of the property.

The transaction testifies to the renewed interest of international investors in large core logistics assets, and well-located in proximity to the main motorways, according to Dils.

The logistics park consists of 88,000 sqm divided into two buildings: the first one of 56,000 sqm, completed in Q4 2022 and the second one of 32,000 sqm, recently completed in Q1 2023. Both buildings will be LEED Gold certified, confirming BNP Paribas’ commitment to sustainability.

The real estate transaction, which started as a speculative project, registered almost full leasing of spaces during the construction period, demonstrating the strong market demand for modern logistics assets not always offset by an equal supply of product.

In 2022, in the Verona submarket alone, over 300,000 sqm of newly built logistics spaces were leased, representing approximately 12% of the national take-up.

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