Total sqm

9,095

Tenant

DHL Express (Italy) Srl

Occuppancy Rate

100%

Remaining Lease Term

n/a

Net Initial yield at acquisition
7.23%
Total sqm
9,095
Ocuppancy Rate
100%
Tenant
DHL Express (Italy) Srl
Remaining Lease Term
n/a

Total sqm

9,095

Tenant

DHL Express (Italy) Srl

Occuppancy Rate

100%

Remaining Lease Term

n/a

Net Initial yield at acquisition
7.23%
Total sqm
9,095
Ocuppancy Rate
100%
Tenant
DHL Express (Italy) Srl
Remaining Lease Term
n/a

Description

The asset was built in 2001 and designed according to DHL preference. The asset is a “last mile” warehouse with high standards (internal height under beam of 8 meters, cross-docking solution, photovoltaic system). The property represents a total GLA of 9’095 sqm, out of which 1’500 sqm of office space is fully in use by DHL, under a 6+6 years lease agreement.

Location

The North Milan area, where the asset is located, is one of the prime areas in Italy. The excellent connection to the main motorways (A8 and A9 to Switzerland, A4 to Venice) as well as the proximity with main Malpensa international airport and FieraMilano exhibition center result in strong demand for space in this area, where the vacancy rate for couriers properties is almost nil.

Tenant

DHL Express is a company specialized in postal and delivery services which operates in Italy since 1979. From this property DHL distributes parcels and packages to the whole Milan area.