Prologis Develops New Build-to-Suit Logistics Facility for Kering Eyewear
Milan (1 February 2018) – Prologis, Inc., the global leader in logistics real estate, today announced it has signed a construction agreement for a build-to-suit logistics (BTS) facility with Kering Italia Spa, the Italian subsidiary of the multinational luxury goods group. The 16,500 square meter facility is under construction at Vescovada (PD) near the A13 highway, in the heart of Italy’s eyewear district.
The facility will be developed on part of a 50,000 square meter land plot owned by Prologis and is expected to be completed in the fourth quarter of 2018. The building will comprise 2,100 square meters of office space and a 14,400 square meter area for eyewear customization, logistics and storage. Kering Eyewear’s new logistics platform will feature large outdoor areas and parking spots for employees and guests. The facility will also feature Prologis’ EEGLE technology, a digital tool which helps customers optimize their building’s operations, reduce costs and minimize environmental impact. It is the first tool of its kind in the industrial real estate sector and enables remote management of a logistics building. The interface connects to the building by sensors, allowing users to monitor energy consumption, manage maintenance deadlines and detect operational malfunction.
“We’re excited to tailor this new build-to-suit logistics facility to the needs of our client, the Kering Group”, said Sandro Innocenti, senior vice president, country manager, Prologis Italy. “the facility will be sustainable, technologically advanced and built on land already owned by Prologis, with sufficient space for potential extensions. This development further strengthens our presence in the Veneto region.”
The facility is a turnkey build by general contractor Techbau. Prologis is being advised by DLA Piper.
Prologis owns and manages approximately 888,150,000 square metres of distribution space in Italy as of December 31st, 2017.
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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