Total sqm

4,270

Tenant

SDA, Italian Post

Occupancy Rate

Lease Expiry Date

20.11.2034

Net Initial yield at acquisition
5.50%
Total sqm
4,270
Occupancy Rate
Tenant
SDA, Italian Post
Lease Expiry Date
20.11.2034

Total sqm

4,270

Tenant

SDA, Italian Post

Occupancy Rate

Lease Expiry Date

20.11.2034

Net Initial yield at acquisition
5.50%
Total sqm
4,270
Occupancy Rate
Tenant
SDA, Italian Post
Lease Expiry Date
20.11.2034

Description

The building is a brand new typical last-mile warehouse, benefiting from a cross-docking base to operate easily. From this property, SDA operates in the logistics ans distribution services. The property consists of 2’933 LFA sqm.

Location

The asset is located in the semi-centre of Brescia, east of Milan, in a dynamic and new business area. The location offers excellent connections to the rest of the region and country, and is sufficiently close to Milan to benefit from its business influence. Brescia is a 300k inhabitant city, and the asset is only 4 km away from the motorway to Milan.

Tenant

The property is fully let to SDA, a subsidiary of the Italian Post, hence with a similar credit rating than the Italian state. SDA operates in the logistics and distribution services in Italy, and generates c. €600m turnover for c. 1600 employees.