Stoneweg and Bain Capital on behalf of their Italian value add logistics Joint Venture, have agreed to forward purchase, from the leading Italian logistics developer VLD, a €200 million portfolio of six, grade A logistics warehouses, in three locations, totalling 225,000 sqm of GLA.
Located in established logistics hubs, the investments underscore the JV’s high conviction in a sector where muted development activity is keeping vacancy rates contained and driving attractive rental growth prospects, and a market where tenant demand is being underpinned by compelling demographic and favourable evolving consumers behaviours.