The logistics real estate offering in the Milan area is set to expand with the development of the Mileast Logistics Park, announced on 12 February 2025 by the three companies collaborating on the project: SFO Capital Partners, Edmond de Rothschild Reim and Garbe Industrial Real Estate. The facility will be built along the A35 Milan-Brescia (Brebemi) motorway, in the municipality of Covo in the province of Bergamo, just twenty minutes from the Romano di Lombardia tollgate.
Developed through the Eterea Fund managed by Prelios SGR, the Mileast Logistics Park will provide 22,000 square metres of flexible leasable space, designed to accommodate one or multiple tenants. The warehouse will feature access through eighteen loading bays and an internal clearance height of twelve metres. The project falls within the scope of SFO LIP I, a fund aimed at acquiring a selected portfolio of ten logistics assets across Europe, with 40% of the assets already under exclusivity. These properties, located in France, Italy and the Netherlands, represent investments exceeding 230 million euros and will be acquired over the next twelve months.
"The logistics development in Covo marks the third project realised with SFO Capital and the second in Italy," stated Peter Bartholomäus, Head of Fund Management & Capital Markets and a Member of the Board of Directors at Garbe Industrial. "This project will further demonstrate our commitment to sustainable and innovative real estate development, setting new standards in the logistics sector."
For SFO Capital Partners, this acquisition represents the sixth investment in the logistics sector, further strengthening the group’s presence in key European hubs. "The project confirms our strong belief in the growth potential of the European logistics market and integrates perfectly with our expanding portfolio," said Mohamad Abouchalbak, CEO of SFO Capital Partners. For Edmond de Rothschild Reim, "This transaction marks the first investment in Italy under our Smart Estate 2 strategy and further strengthens our presence in a key sector," commented Pierre Jacquot, CEO of the company.
