Prologis acquires 8,000 sq m at Interporto Bologna

Prologis, Inc., has announced that Prologis European Properties Fund II has acquired an 8,000 sq m intermodal logistics facility at Interporto Bologna,Italy. The acquisition adds to the existing 122,500 sq m that the fund acquired in a separate transaction earlier in 2015. The acquisition increases the size of Prologis’ portfolio at Interporto Bologna to 13 buildings.

The building is occupied by Sifte Berti, an Italian supplier of international transport, domestic distribution and logistics services, and by Palletways, a provider of express palletised distribution services.

Built in 2005, the facility was developed for parcel courier services and is equipped with a temperature-controlled room for storing medication for distribution to drugstores in the Bologna area.

Sandro Innocenti, senior vice president, country manager, Prologis Italy, said, “This acquisition expands our presence at Interporto Bologna, a location of prime importance for logistics and transport in Italy.” He added, “Prologis also has the option to expand the facility by 100,000 square metres.”

Prologis owns and manages approximately 957,000 sq m of distribution space in Italy as of September 30, 2015. Its logistics parks are located in the Milan area (Paullo, Lodi, Novara, Piacenza, Castel San Giovanni, Cornaredo, Arena Po, Cortemaggiore), Pavia (Siziano), Turin (Trofarello, Settimo Torinese), Bologna (Interporto, Castel San Pietro), Padua and Rome.