Principal Real Estate Europe acquires Italian logistics asset for EUR26 million
Principal Real Estate Europe has acquired a core logistics asset for EUR25.73 million in Milan, Italy, for the Principal European Core Fund. Located at Via Molina 76, Milan in Italy, Vignate is a newly developed 29,000 sq m logistics asset fully let on a long-term lease to Multilogistics S.P.A., a 3PL company serving the local and international markets. As part of the Principal European Core Fund’s strategy to become carbon neutral by 2030, Vignate has excellent asset management opportunities, with...