CBRE Global Investors, on behalf of its European Industrial Fund (EIF), has agreed the sale of a 45,171 m2 logistics warehouse in Faenza, in the Emilia Romagna region of Italy to PGIM Real Estate. Financial details were not disclosed.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
