Garbe expands Italian logistics portfolio with landmark acquisition in Tortona

by   CIJ News iDesk III
2024-11-26   16:30
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Garbe Industrial Real Estate Italy has announced a significant milestone in its ongoing expansion in Italy. The company has acquired a 265,000-square-meter plot of land in Tortona, Alessandria, marking another strategic investment in Northern Italy’s booming logistics market.

The site, fully permitted for construction, will house a state-of-the-art 102,000-square-meter logistics complex in a single block. Once completed, it will be one of the largest logistics facilities in Northern Italy, positioned along the critical Genoa-Milan transport corridor. Development of the project, led by renowned European contractor GSE Goldbeck, is expected to take 16 months and will meet the highest sustainability standards, with a LEED Platinum certification.

The Tortona site represents a prime logistical hub due to its proximity to the Genoa interport and its position within a key European freight transport network. The project underscores Garbe’s strategic approach to addressing growing demand for advanced logistics infrastructure in Northern Italy.

“This acquisition is a pivotal step in accelerating our expansion in Northern Italy, a region offering substantial opportunities driven by the rising demand for sophisticated logistics spaces across Europe,” said Giulia Fradegrada, Head of Investment Italy at Garbe. “This development reinforces our commitment to providing diversified and attractive investment opportunities.”

Garbe continues to champion environmentally conscious development through its “Sustainonomics” philosophy, which integrates sustainability with regional and economic benefits. The Tortona project joins the ranks of Garbe’s other LEED Platinum-certified developments in Italy, including the Giovi Logistics Park in Silvano Pietra (Pavia) and the facility under construction in Covo (Bergamo).

“The logistics sector in Italy is evolving toward a model that prioritizes environmental, social, and economic sustainability,” noted Marco Grassidonio, Country Head Italy of Garbe Industrial Real Estate. “The Tortona project embodies our commitment to minimizing environmental impact while delivering tangible regional benefits and creating modern infrastructure.”

The transaction was supported by the law firm DLA Piper for legal aspects and CBRE for technical due diligence. GSE Goldbeck, recognized for its expertise in logistics and industrial construction, has already commenced work on the site, which will feature cutting-edge infrastructure and technological advancements.

This ambitious development not only cements Garbe’s position as a leader in sustainable logistics solutions but also highlights the company’s role in shaping the future of Italy’s logistics landscape.

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