Stoneweg and Bain Capital have agreed to a €200 million logistics purchase in Italy

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.