Standard Life Investments (SLI) has entered the Italian market with the acquisition of a 104,000 m[sup]2[/sup] logistics warehouse development at Rolo in Northern Italy. The property investor said it has joined forces with Panattoni Europe to acquire the development, which has a total end value of more than EUR 567 mln. Purchased on behalf of its European Property Growth Fund (EPGF), the property brings to 12 the number of European countries in which SLI has direct commercial property interests. The transaction was carried out via SLI's Paris office which opened last year. The financial details of this acquisition were not disclosed.
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