Logicor leases 22,000 sqm in Italy
Logicor, acting as advisor of the Mazer Fund, has leased out 22,000 sqm of modern logistic space in Oleggio.
Located near Milan and Malpensa airport, in close proximity to the A4, A8 and A26 motorways, the modern, grade-A warehouse includes 26 loading bays and a large external space for vehicle circulation and parking.
The new tenant is GEODIS, an international transport and logistics operator. The warehouse will be used to store and handle products for a major Italian food and beverage group.
Manel Vericat, Logicor’s managing director for Southern Europe, said:
I am delighted to welcome Geodis as a new customer at this location. This transaction strengthens our relationship with Geodis in Northern Italy, takes our Oleggio asset back to 100% occupancy and demonstrates our ability to work closely with our customers to understand their objectives as well as the strong appeal of Logicor’s modern, functional real estate portfolio.
JLL advised Logicor.
Logicor, Blackstone's European logistics platform, is one of the premier real estate companies in Europe focusing on the ownership and operation of modern logistics and distribution properties. Logicor currently owns 13 million square metres of space in properties across key European markets. The Oleggio asset is owned by the Mazer Fund.