Prologis Acquires Site at Interporto Bologna for 13,700 Square Metre Build-to-Suit Logistics Facility
MILANO (21 October 2016) – Prologis, Inc., the global leader in logistics real estate, today announced that it has acquired a site at Interporto Bologna to develop a build-to-suit facility for a major international freight forwarder.
Prologis’ plan to build a 13,700 square metre facility points to new logistics activity in the Italian market. Construction is scheduled to begin in October.
Prologis will build a Class-A facility in line with current stringent earthquake regulations. Also, the building will feature a number of sustainable technologies, including photovoltaic rooftop panels, LED lighting, wooden frames and rainwater-capturing systems.
Prologis also holds the option to develop an additional 88,000 square metres of land at the newly acquired site.
“This latest acquisition not only strengthens our presence at Bologna Interporto, a strategic location for Prologis in Italy, it also allows us to showcase our strengths as a build-to-suit developer of premium logistics facilities,” said Sandro Innocenti, senior vice president, country manager, Prologis Italy.
Interporto Bologna, located north of Bologna near the municipalities of Bentivoglio and San Giorgio in Piano, is one of Europe’s largest intermodal (rail/road) logistics platforms. Itis 2 kilometres from the A13 highway, which connects Bologna and Padua. It benefits from proximity to national and European cargo transport routes.
Prologis was advised by DLA Piper.
Prologis owns and manages approximately 1.04 million square meters of distribution space in Italy as of June 30, 2016.
Prologis, Inc. is the global leader in industrial real estate. As of September 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 671 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
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