Garbe keeps expanding its logistics investments in Italy with the acquisition of a property in Tortona
News 21/11/2024
Milan, 21 November 2024 − Garbe Industrial Real Estate Italy (“Garbe”), a leader in the logistics and industrial real estate sector, continues to expand its logistics investments in the Italian market announcing the acquisition of a 265,000 square metre plot of land in Tortona, in the province of Alessandria. The site is fully permitted for construction, paving the way for the development of a 102,000 square metre logistics complex in a single block. This will be one of the largest logistics properties in Northern Italy along the key corridor between Genoa and Milan.
©SFRE
The general contractor for the project is GSE Goldbeck, a leading European company specialising in the construction of logistics and industrial buildings, which has already taken possession of the site. The 16-month development project will be LEED Platinum certified, targeting the highest standards of construction quality and sustainability. This aligns with Garbe’s ongoing commitment to delivering environmentally friendly developments in Italy, as demonstrated by the Giovi Logistics Park in Silvano Pietra (Pavia) and the facility under construction in Covo (Bergamo), both LEED Platinum certified.
The investment involves a highly strategic area, selected by Garbe to address the growing demand for logistics space in Northern Italy. The project will feature cutting-edge infrastructure and technological innovations, establishing the Tortona facility as a pivotal hub in the European freight transport network, located near the Genoa interport.
Marco Grassidonio, Country Head Italy of Garbe Industrial Real Estate, said: “The future of the logistics sector in Italy is increasingly moving toward a development model that addresses the growing need for environmental, social and economical sustainability. The Tortona project fully reflects Garbe’s ‘Sustainonomics’ approach. Every new project developed by Garbe minimises environmental impact, brings tangible benefits to the region, creating modern and sustainable infrastructure and is an attractive investment.”
Giulia Fradegrada, Head of Investment Italy of Garbe Industrial Real Estate, added: “We are extremely pleased to announce this significant acquisition, which accelerates Garbe’s expansion plan in Northern Italy – a key strategic area where we see substantial development opportunities. These are driven by the increasing European demand for advanced logistics spaces. This operation is part of our investment pipeline, which aims to consistently offer diversification and attractive returns to our investors.”
Garbe was assisted by the law firm DLA Piper for the legal aspects and by CBRE for the technical aspects.