New Italian Developments for Real Estate Specialist

15th January 2018

Logistics BusinessNew Italian Developments for Real Estate Specialist

Logistics Capital Partners (“LCP”), a leading pan-European logistics specialist providing project development and asset management services for logistics real estate in Europe, continues its expansion across Europe by announcing two major new developments in Italy, with a combined total footprint of over 160,000 sq. m.

LCP’s latest project, which commenced in the summer, is a cutting-edge robotised distribution centre with a building footprint of over 60,000 sq m, located along the prime northern Italian A4 logistics corridor, in Torrazza close to Turin. This new development also follows LCP’s recent completion of another fulfilment centre, with a footprint totalling over 100,000 sqm, located in Vercelli, which is also situated along the prime northern corridor between Turin and Milan. Both buildings are pre-let to Amazon, and represent two of the largest logistics buildings to be developed in the country.

Andrea Benvenuti, Managing Director Development and Construction, Logistics Capital Partners, said: “we are delighted to deliver these projects for a customer such as Amazon, they are at the forefront of the sector and have the highest of standards.” Kristof Verstraeten, Managing Director, said “Repeat business for large occupiers on a pan-European basis is exactly what we wanted to do with LCP and it is great to see this materialising with these Italian projects. We continue grow to our business to serve the evolving complex development needs of leading corporate occupiers everywhere in Europe.”

James Markby, Managing Director, commented, “We now have a specialist professional team of 14 people operating across 5 countries with a network of preferred suppliers and contractors, we have secured further significant development pipeline and land positions that we can offer to a range of occupiers and new capital partners alike. There is a lot more to announce in the coming months, it is an exciting time.”