Patrizia has bought the Piacenza Business Park in northern Italy, on behalf of its seventh European real estate fund, from AKNO Group.
The manager has invested around €70 million in a forward purchase to acquire the 80,000 square metres logistics hub for its TransEuropean VII fund.
Patrizia said the newly developed business park, which features 72 loading bays and over 110 parking spaces, is already around 50% leased.
Source: realassets.ipe.com on the 28th of September 2023