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Logicor delivers fully let flagship development in Italy

July 06, 2023 | Lizzie Beuzeval

10th July 2023: Logicor, a leading owner, manager and developer of logistics real estate in Europe, has completed and delivered its flagship development in Sala Bolognese, Northern Italy.

The site, which includes over 27,000 sqm of modern warehousing and 1,940 sqm for office spaces and employee facilities, has been leased to a global transport company who will use it as a key distribution hub for its operations across Italy and into mainland Europe.

Located just 16 km to the Norwest of Bologna Centre and about 11 km from the major transport network, the site was purchased in 2021 as part of the strategic focus to develop modern, well-located assets in key markets where demand continues to outstrip supply.

The property has been developed to high environmental standards with over 1,000 solar panels and smart monitoring of energy and water consumption to ensure efficiency for the customer. 

This project is the largest development ever undertaken by Logicor in Italy, and further increases Logicor’s footprint in the country to 2.6 million sqm of owned and managed assets.

This flagship development in Sala Bolognese is a prime example of the successful execution of our strategy to increase our presence in key locations where there is high demand for modern, sustainably built warehouses."

Our customers want to be in regions from which they can service their customers effectively and the speed at which we leased to our customer for their distribution service demonstrates this brilliantly."

Manel Vericat

Logicor Managing Director, Southern Europe

As part of the commitment to the local community, green spaces open to the public have been designed and landscaped, encouraging greater biodiversity of local flora and fauna. A new cycle path will connect the local train station and the site, encouraging employees to travel sustainably whilst also helping support their overall wellbeing. The project contributed to the opening of the new House of Culture on the premises of the former school in Via Gramsci and the expansion of the Local Police offices with the establishment of the new radio operations center next to the Center for video surveillance of the entire municipality.

Our local community has benefited from Logicor’s development in Sala Bolognese, in particular with the cycle path and thanks to their contribution we’ve improved security around the municipal area."

We are also delighted that a global business has chosen to locate itself here, taking advantage of the excellent location and reach across Italy and beyond."

Emanuele Bassi

Mayor of Sala Bolognese

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About Logicor 

Logicor is one of the leading owners, managers and developers of modern real estate in logistics and distribution in Europe. As at 31 December 2022, we own a portfolio of 594 high-quality properties with a lettable area of 13.4 million square metres located in key European logistics markets. Logicor is headquartered in London and Luxembourg.

logicor.eu 

For more information:

Lizzie Beuzeval, Director Communications and Marketing: [email protected]