Gaslini Sviluppo sells logistics property in Milan

Italian real estate management company Gaslini Sviluppo has sold a last-mile logistics property in the Milan Metropolitan Area for an undisclosed sum.

The buyer is an unnamed leading private and independent asset management company fund.

WCG-World Capital Group's Logistics & Industrial division advised Gaslini Sviluppo on the sale.

The property, designed for logistics/production purposes, has a surface area of 10,000 m2 plus 5,000 m2 of external area.

It features office/warehouse spaces, advanced technological systems for the current tenant, a heating and cooling system, and a paved external area for loading/unloading with ramp access.

Andrea Faini, CEO of WCG, said: ‘With the further growth of e-commerce expected in the coming years, the optimization of last mile deliveries and the choice of the right warehouse are fundamental elements for players in the logistics supply chain. This scenario is pushing many institutional investors to expand their real estate portfolios, including attractive logistics assets within them.’

The property is located at Via Gaudenzio Fantoli 6/3 within the C.A.M.M. complex (Milan Freight Autostation Consortium), connected to the urban centre thanks to Via Mecenate, and close to Exit 5 of the Eastern Ring Road.

Strategic advantages include excellent connectivity to the Milan urban center via major roads and proximity to existing key infrastructure.

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