March 20, 2024 |
Logicor, a leading owner, manager, and developer of European logistics real estate, and Kryalos SGR have announced the acquisition of a c.63,000 sqm site in Quarrata, Florence, for the development of a new c.23,000-square-meter GLA hub in Tuscany.
The site, acquired through the Mazer fund, a Logicor-sponsored closed-end real estate fund managed by Kryalos SGR, a private and independent asset management company with €12.5 billion AUM, is well positioned close to the key A11 road network and the interchange of A1-A11 roads that connect the Versilia coast, Livorno and Pisa ports. The city centre of Florence is 20km away.
Works are scheduled to begin in Q2 2024 and the asset, which is managed by Logicor, is expected to be certified BREEAM at least Very Good.
Sustainable features include solar panels, LED lighting and rainwater harvesting facilities. The landscaped area will be designed to improve the levels of local biodiversity.
The flexible design of the asset can accommodate either a single customer with c. 1,000-square-meter offices and a c.22,000-square-meter warehouse or two c.11,500-square-meter units.
Graeme Hepburn
Logicor Country Manager, Italy
Paolo Bottelli
Kryalos SGR, CEO
Across Italy, Logicor manages one of the largest and most diversified portfolios of distribution assets, with over 2.6m sqm primarily located in Lombardy, Veneto, Emilia Romagna, and Lazio.
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About Logicor
Logicor is a leading owner, manager and developer of European logistics real estate.
As at December 2023, our portfolio of properties spans over 20 million square metres of warehouse space in key transportation hubs and close to major population centres, enabling us to support over 2,000 customers.
We are headquartered in London and Luxembourg and have teams of people based across Europe.
Our real estate and the strength of our network enable our customers’ goods to move through the supply chain and into society, every day. For more information visit www.logicor.eu
About Kryalos SGR
Kryalos SGR, managing € 12.2 billion in real estate and a team of 115 professionals, is one of the most active players in the Italian real estate market. Kryalos SGR offers transaction management, fund and credit management, development and advisory services and is partner to Italian and international leaders. More information on www.kryalossgr.com
For more information:
Logicor Italia srl
Cinzia Furlani
Comms & Marketing Manager, Southern Europe
[email protected]
Press Office - OPRG
[email protected]
Kryalos SGR
Raffaella Ciafardini
Tel. +39 02 92947100
Cell. +39 334 9953902
[email protected]
Claudio Cosetti
Barabino & Partners
Tel. +39 02 72023535
Cell. +39 335 7491683
[email protected]
Serena Galdo
Barabino & Partners
Cell. +39 345.14.64.356
[email protected]