Global investment manager GLP and Italian asset manager Kryalos Sgr have acquired land in Filago, province of Bergamo, from Domo Media, for the development of a 50,000 metres squarred logistics property. The acquisition was conducted through the Achilles Fund, a development fund fully subscribed by GLP and managed by Kryalos Sgr. The location is strategic to easily reach the strategically important areas of northeastern Italy, also thanks to the proximity of the A4 highway. Previously, in March 2023, the Fund purchased three greenfield assets with 73,000 metres squarred of gross leasable area, located in the Rome area and endowed with BREEAM Excellent certifications, due for completion by end-2024.
Source: Property EU on the 5th of May