Caam Real Estate Italia, the manager of the closed-end property funds Caam Re Italia and Caam Re Europa, has agreed to sell a logistics platform in Basiano, near Milan, to an undisclosed investor. The transaction price of EUR 24.5 mln represents a 17% discount on the price Caam initially paid for the asset (EUR 29.5 mln). The transaction is expected to be completed within the next 30 days.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
