Transaction / Assets 110,000 Sqm area in MilanSeller NABuyer Hines, Allianz RE€ MM
Hines and Allianz RE to partner in last-mile logistics in Milan
13 April, Monitor Immobiliare
Through Urban Mile Fund managed by Blue Sgr, Hines acquired a 110,000 Sqm area in Via Rubattino, Milan, in partnership with Allianz RE to develop a last-mile logistic hub. The new hub will be implemented with a total investment of €80 million and will be ready in 36 months. The asset will be compliant with the CREEM sustainability metrics and part of the requalification project that concerns the Rubattino area.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi