Aquila Capital acquires 265,730 sq m logistics site in Tortona, Italy
Green Logistics by Aquila Capital, the development division dedicated to Aquila Capital's logistics business in Europe, has finalised the purchase of a 265,730 square metre logistics site in Tortona, within the Piedmont province of north west Italy.
With this acquisition, Aquila Capital adds another buildable area of 103,000 square meters to its Tortona Green Logistics area and secures a logistics project in Italy, that consists of two warehouses with an internal storage height of around 12 metres – Tortona I and Tortona II Green Logistics Park – which cover a space of 155,403 square metres.
The project, which already has the building permit, is located in a key logistical location with excellent connections to Geneva, Milan and Turin.
Sustainability criteria form part of Aquila Capital’s DNA. All Green Logistics projects are developed following strict energy efficiency and sustainability standards in the supply chain and construction to reduce CO2 emissions. These include, for example, BREEAM certification, the installation of rooftop photovoltaic panels and the compensation of CO2 emissions. These measures help the customers and tenants of Green Logistics’ assets to comply with their CSR and ESG policies. They also help reduce the tenants’ energy costs, while providing access to specific tax incentives associated with the use of renewable energy sources in the context of industrial purposes.
With this acquisition, Aquila Capital is strengthening its presence in the Italian market as well as expanding its asset portfolio in Europe, where it develops and manages more than 879,000 square metres over several logistics parks.
Rolf Zarnekow, Head of Investment Management Real Estate at Aquila Capital, says: “This acquisition is a very important milestone for the company, as it extends our presence in the region, underlining our growth strategy in this market. This development is part of our commitment to sustainable and energy-efficient logistics investments as well as to our dedication to creating added value for all parties involved through our threefold strategy of sustainability, best rental terms and attractive investment opportunities for our investors.”