DeA Capital Real Estate Sgr, in partnership with Palm Capital, has established a new closed-end real estate investment fund called 'Palm Partners Italy I'. This fund is entirely subscribed by international investors specializing in long-term real estate investments, focusing on the Italian logistics sector.
The fund's first investment involves acquiring land in the province of Novara, where a new logistics facility will be developed, adhering to high technical, energy, and environmental standards.
The facility, with a gross area of approximately 64, 000 square meters, includes parking and maneuvering areas and is pre-leased to an international logistics/commercial company already operating in Italy and other European countries.
Local sources suggest the tenant might be a Dutch retailer.
Following this initial acquisition, the fund plans to continue investing in additional logistics assets already in the pipeline.
Reda Khatim, managing partner of Palm Capital, expressed enthusiasm about entering the Italian market, highlighting the strategic importance of logistics in Italy and a commitment to long-term investment.
Emanuele Caniggia, CEO of DeA Capital Real Estate Sgr, emphasized the significance of this operation for the Italian real estate market, noting the choice of the Italian logistics sector as a preferred asset class by international investors.
According to Scenari Immobiliari, the logistics sector's revenue in 2024 is expected to reach 4.7 billion euros, with a projected growth to over 4.8 billion euros in 2025.