• Kontakt: +44 020 7901 4455

    GLP acquires over 200,000 SQ M of grade A logistics real estate in Italy

    GLP acquires over 200,000 SQ M of grade A logistics real estate in Italy

    23rd marec 2021

    Acquisition expands GLP’s footprint in Europe to 4.5 million SQ M, with a further 3.4 million SQ M in its development pipeline

    GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of seven logistics real estate assets in Italy. The 200,000 SQ M portfolio acquisition represents one of the largest logistics transactions in Italy this year and was made on behalf of GLP’s pan-European logistics fund Europe Income Partners II (GLP EIP II).

    Daan van den Hoven, Head of Fund Management & Capital Deployment, Europe, said: “This latest acquisition gives us immediate scale in the Italian logistics market and is in line with our commitment to expand our footprint and deepen our presence in all of the 12 markets in which we operate through strategic acquisitions and developments. Since entering the European market in 2017, GLP has more than tripled its assets under management, and we intend to double this again over the next two years.”

    Roberto Piterà, Country Director of GLP Italy, said: „GLP’s first acquisition in the Italian market has been a great success and was completed in record time. This is in line with our strategy to acquire and develop well-connected, quality properties located in the main logistics hubs of the country as we grow our offering across both Italy and Europe as a whole.

    “The recent growth of ecommerce, driven by the pandemic, has significantly increased the importance of logistics in supply chains for businesses of all shapes and sizes. This was a driving factor in our decision to expand our portfolio using our sector-specialism to further support our customers.”

    The assets acquired in Italy are all grade A rated and are located in the two main logistics hubs in the country namely Milan (five assets, occupying approximately 60% of the total SQ FT) and Rome (two assets, 40% of the total SQ FT). The seven buildings all benefit from excellent connectivity being located close to the main motorway network and are occupied by leading operators in the supply chain, transport, cosmetics and hospital equipment sectors, with customers including XPO and Kuehne Nagel. The portfolio was sold by two funds advised/managed by Tristan Capital Partners and BNP Paribas REIM SGR.

    In Europe, GLP is one of the longest-standing fully-integrated logistics investors, developers and operators and manages approximately €10 billion (~US$12 billion) of assets under management (AUM) across Europe’s strongest logistics markets. Established in October 2020, GLP EIP II is the company’s fourth Europe-focused investment vehicle and has raised total equity commitments of approximately €1.6 billion (~US$2 billion), enabling the fund to reach €3.2 billion (~US$3.9 billion) of AUM once fully deployed.

    GLP was supported in this acquisition by CBRE, Dentons and Arcadis, respectively for the commercial, legal and technical aspects.

    Press contact:
    GLP Italy
    Elisabetta Terzariol
    +39 349 6905604

    Investor contact:
    Daan van den Hoven
    Head of Fund Management & Capital Deployment, Europe
    +31 615 880183

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic website functions.

    Always Enabled
    We use necessary cookies to ensure that we give you the best experience on our website.
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

    GLP uses cookies to analyze traffic and offer our customers the best experience on this website. Close this dialog to confirm your consent, or visit this page to learn more:
    View Cookie Policy