Total sqm

26,406

Tenant

Staples Italy (Mondoffice Srl)

Occuppancy Rate

100%

Remaining Lease Term

n/a

Net Initial yield at acquisition
8.22%
Total sqm
26,406
Ocuppancy Rate
100%
Tenant
Staples Italy (Mondoffice Srl)
Remaining Lease Term
n/a

Total sqm

26,406

Tenant

Staples Italy (Mondoffice Srl)

Occuppancy Rate

100%

Remaining Lease Term

n/a

Net Initial yield at acquisition
8.22%
Total sqm
26,406
Ocuppancy Rate
100%
Tenant
Staples Italy (Mondoffice Srl)
Remaining Lease Term
n/a

Description

Constructed in 2002, the site has a total surface area of circa 49,500 sqm allowing further extension of the warehouse asset. With a total of 20 docks, the assets was built to a modern specification. This transaction represents a sale & leaseback with Staples Italy, under a 12+12 years term with no break options (neither for cause – “giusta causa”).

Location

Situated 11km from the important A4 motorway which connects Turin and Milan, the asset benefits from the robust logistics sub-market equidistant between these two commercial centres.

Tenant

Mondoffice Srl. is among the largest business-to-business mail order and webshop companies in Italy, with 200,000 customers and an offer targeted at small, medium and global accounts. The company was founded in 1986 and was acquired by Staples in 2002.