Aquila Capital finalises the acquisition of 265,730 sqm logisitcs site in Tortona, Italy

Green Logistics by Aquila Capital, the development division dedicated to Aquila Capital's logistics business in Europe, has finalised the purchase of a 265,730 sqm logistics site in Tortona, within the Piedmont province of north west Italy.

With this acquisition, Aquila Capital adds another buildable area of 103,000 square meters to its Tortona Green Logistics area and secures a logistics project in Italy, that consists of two warehouses with an internal storage height of around 12 metres -Tortona I and Tortona II Green Logistics Park- which cover a space of 155,403 sqm.

The project, which already has the building permit, is located in a key logistical location with excellent connections to Geneva, Milan and Turin.

Sustainability criteria form part of Aquila Capital’s DNA. All Green Logistics projects are developed following strict energy efficiency and sustainability standards in the supply chain and construction to reduce CO2 emissions. These include, for example, BREEAM certification, the installation of rooftop photovoltaic panels and the compensation of CO2 emissions. These measures help the customers and tenants of Green Logistics’ assets to comply with their CSR and ESG policies. They also help reduce the tenants’ energy costs, while providing access to specific tax incentives associated with the use of renewable energy sources in the context of industrial purposes.

With this acquisition, Aquila Capital is strengthening its presence in the Italian market as well as expanding its asset portfolio in Europe, where it develops and manages more than 879,000 sqm over several logistics parks.

Rolf Zarnekow, Head of Investment Management Real Estate at Aquila Capital: “This acquisition is a very important milestone for the company, as it extends our presence in the region, underlining our growth strategy in this market. This development is part of our commitment to sustainable and energy-efficient logistics investments as well as to our dedication to creating added value for all parties involved through our threefold strategy of sustainability, best rental terms and attractive investment opportunities for our investors.”

About Aquila Capital
Aquila Group is a leading investment manager in real asset solutions. Its sustainable investment strategy focuses on investments in renewable energy, energy efficiency, infrastructure, residential real estate, green logistics as well as timber and agriculture. Founded in 2001 as one of the first German alternative investment firms, Aquila Group currently manages EUR 12.5 billion for institutional investors worldwide (as at 31 December 2020).

Over the last decade, Aquila Group has built a truly pan-European asset portfolio with investments in the renewable energy sector amounting to a total capacity of 10.7 GW and over 2 million square meters of sustainable real estate and green logistics projects completed or under development. Through its investments, Aquila Group is committed to contributing to the European energy transition.

To create value for its investors, Aquila Group employs a fully integrated investment and asset management approach. With 14 offices in 12 countries, Aquila Group’s dedicated expert investment teams draw on their sector networks and experience to screen, develop, finance, manage and operate investments along the entire value chain.

About Green Logistics
Green Logistics by Aquila Capital is the company's logistics business line. Aquila Capital has extensive experience in the logistics sector, with projects in several European countries since 2012. It currently develops and manages assets in Germany, Italy, Portugal and Spain. Green Logistics has an accumulated investment of more than EUR 729 million in a surface area of more than 879,000 sqm.

In the Iberian Peninsula, Aquila Capital currently develops more than 750,000 sqm of logistics space. All Green Logistics projects are developed under the standards of energy efficiency and sustainability in the supply chain, thus contributing to the reduction of CO2 emissions.