MILAN, June 21, 2021 — GO Italia VI, a real estate investment fund managed by DeA Capital SGR and fully invested by BentallGreenOak (BGO), has sold a portfolio of three brand-new Grade-A logistics assets in Turin, Italy. The sale of the portfolio comes significantly ahead of the target and delivers a remarkable outcome for DeA Capital SGR, BGO and its investors.
The three assets offer a total GLA of 156,300 sq. m, including: a 60,300 sq. m warehouse leased to an international tire brand on a 10-year term, a 80,800 sq. m warehouse that was developed on a speculative basis, and a 15,300 sq. m warehouse within SITO Turin Interporto leased to a 3PL on a 12-year term.
The assets were successfully completed on schedule between the end of 2020 and the beginning of 2021. The state-of-the art logistics assets were developed with specifications to meet the needs of today’s occupiers, consistent with BGO’s Italian and pan-European experience as a developer and manager of class-A logistics assets.
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $62 billion USD of assets under management (as of March 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $5.2 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability. The firm has acquired or developed over 150 logistics assets comprising 5.1 million square meters (55 million square feet) since 2015. BentallGreenOak’s investment vehicles have assembled a large and diversified land bank across Europe, currently owning or controlling over 1,000 acres of land (capable of building over 23 million square feet of space) zoned for Logistics, Data Centers and Cold Storage.
BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates.
For more information, please visit www.bentallgreenoak.com