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AB European Real Estate Fund invests in Italian logistics

Posted: 5 September 2018

First acquisition in Italy for the Swiss investment fund AB European Real Estate Fund, related to a logistic asset in Castelletto Cervo, in the province of Biella.

Built in 2002, the building includes a distribution warehouse and a managerial building for a total of 26,000 square meters.

The operation was carried out through sale & leaseback with Staples, through a lease contract lasting 12 + 12 years.

This transaction represents the first step in the Italian real estate market to an attractive yield with a long-term lease.