CBRE Global Investors has completed the acquisition of a grade-A logistics asset located in Lazzate, Italy on behalf of the CBRE European Industrial Fund (EIF). The asset was acquired from Italian developer Techbau in an off-market transaction.
The asset was built in 2017 and comprises 37,000 sqm of flexible space with a layout that can be divided into four separate units. The property is currently fully leased to CEVA Logistics, which manages the logistics operations for a leading global chemical and consumer goods company located 5 km away.
The logistics asset is based 40 km north of Milan and 30 km from the Swiss border and has first-class transport links and good connections by road.