Hines, the global real estate firm, and Allianz Real Estate, one of the world’s largest real estate investment managers, have finalised an EUR80 million investment in the Urban Mile fund managed by Blue SGR. The investment sees the acquisition of 110,000 square metres of brownfield land in Via Rubattino in Milan for the construction of an innovative logistics hub designed for last-mile deliveries and electric mobility.
The new facility will be one of the largest logistics platforms for the city of Milan and will be built over the next 36 months. Located in a strategic position, it is near the eastern ring road, Linate airport and the Segrate intermodal terminal, which connects Italy with Northern Europe, including Germany, Belgium and The Netherlands, and Southern Italy.
The logistics facility will play a key role in supporting e-commerce-related deliveries as the need for loading bays near urban areas grows. As a result of having an integrated system, it will become crucial in integrating heavy goods vehicles into local transport.
The facility also includes innovative solutions to promote electric mobility and has been designed to facilitate and promote sustainable travel such as cycling in the surrounding area to further contribute to the reduction of emissions.
In line with both Hines and Allianz Real Estate’s decarbonisation targets, the project will be carried out in accordance with the highest international standards of sustainability and safety with a strong focus on its environmental impact. It has been designed to comply with Carbon Risk Real Estate Monitor (CRREM) metrics, which aim to accelerate decarbonisation and increase the resilience of commercial buildings to climate change. It will include photovoltaic panels, filtering paved surfaces for water drainage, low-consumption LED lighting, high-performance cladding to dissipate external heat and maintain the internal temperature and tree-lined environmental corridors to limit the impact on the surrounding environment. It is also expected to be awarded a BREAAM ‘Very Good’ certification upon completion. The already reduced CO2 emissions will also be offset by the creation of an internal green area with drainage functions covering over 22,000 square metres.
Source: on the 13th of April 2022
https://www.hines.com/news/hines-and-allianz-real-estate-partner-to-build-one-of-the-largest-logistics-facilities-in-milan