Prologis Signs Agreement with Logista Italia for New Build-to-Suit Development at Bologna Interporto
Milan (25 September 2017) – Prologis, Inc., the global leader in logistics real estate, today announced it has signed an agreement with Logista Italia Spa to develop a 40,500 square meter build-to-suit facility at Interporto Bologna. Logista Italia is a leading integrated distributor of tobacco-related products, sweets, stationery and small electronics serving over 55,000 shops across Italy.
The facility will be built in line with the highest international standards and will include distribution space, controlled temperature areas and offices alongside large parking areas for employees and trucks.
Bologna Interporto, which is located north of Bologna near the municipalities of Bentivoglio and San Giorgio in Piano, is one of the largest intermodal (rail/road) logistics parks in Europe. It is two kilometers from the A13 highway, which connects Bologna and Padua, and benefits from proximity to national and European cargo transport routes.
Prologis is the single largest operator at Bologna Interporto, where it owns and manages 14 buildings, totaling approximately 200,000 square meters.
“With this new agreement, we are not only strengthening our presence at Interporto Bologna, which is one of Italy’s prime logistics parks, but also developing our BTS portfolio in this market,” said Sandro Innocenti, senior vice president, country manager, Prologis Italia. “We are proud to have been selected by such a prestigious customer for this project and we believe that the outlook for logistics real estate in the Italian market will continue to be positive for the rest of 2017.”
The turnkey facility will be built by general contractor Engineering 2K. Prologis was advised by DLA Piper.
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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