German asset manager Sireo has acquired a logistics centre in Italy worth some EUR 31 mln from a private investor. The property, located in Paullo, near Milan, is fully leased to Number One Logistics, the logistics division of Italy's major food company Barilla. The logistics scheme was developed in 2003 and consists of about 40,000 m[sup]2[/sup] of space. Sireo was advised by Italian property consultant GVA Redilco.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
