Teamed up with Avalon as Technical Advisor, prime players join forces to invest in a portfolio of last mile and big box facilities on the Veneto Corridor
Partners Group, Investire SGR and Impresa Tonon will develop a portfolio consisting of five logistics assets, covering about 100 thousand square meters, in northern Italy.
This important project features leading market players: Partners Group, a leading company in the global private markets; Investire SGR, a leading asset and investment management company in the Italian real estate market; and Impresa Tonon, one of the most relevant construction and real estate development companies nationwide. The operation has involved Avalon in the role of Technical Advisor for Due Diligence activities related to the building capacities, development administrative process and environmental challenges for the development of logistics hubs, supported by carrying out the site survey and the topographical survey. Avalon also carried out the specifications review of proposed projects in the perspective of LEED Gold-certified works, along with Capex estimations.
The portfolio is located in the Veneto Corridor, which runs between Italy, France, Portugal and Spain, connecting them to the main production and logistics hubs of the Mediterranean Corridor (Central and Eastern Europe) and Baltic-Adriatic Corridor (Baltic countries). Specifically, the assets subject to the operation are in close proximity to strategic locations, while last miles assets are located near urban centers.
Four of the five developments constitute urban regeneration initiatives that will contribute to creating opportunities and improving the real estate stock in areas where currently there are properties that have been demolished, are to be demolished, or where previous real estate development projects have been stalled.
In addition to improving these areas from the urban planning point of view, sustainability will be central to the projects, that aim to obtain Grade A buildings complying with LEED Gold certification