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TH Real Estate makes first logistics acquisition in Italy

Posted: 9 March 2018

TH Real Estate, one of the largest real estate investment managers in the world with $109bn in AUM, has bought a 248,710 sqft logistics centre in Monticelli d’Ongina, near Piaxenza, for an undisclosed sum.

TH Real Estate said the asset, which was bought on behalf of one of its logistics strategies, was sold by Cerrius.

Built in 2011, the logistics centre has 223,070 sqft of warehouse space and around 25,620 sqft of office space, split over three floors. The asset is fully let to SDA Poste Italiane.