A joint venture (the “JV”) between Stoneweg, the alternative investment platform specialising in Real Assets, and Bain Capital, the global private investment firm, have completed the first letting at their newly developed logistics facility near Bari, Italy.
Stante Logistics, a well-established operator in Italy’s logistics and transport sector with over 45 years of experience, specialising in sustainable intermodal transport solutions, has signed a 6+6-year lease for 10,605 sqm at the asset, which forms part of a 54,800 sqm logistics complex comprising four premium-grade units The Italian logistics operator’s commitment underscores the quality of the Grade-A development and its appeal to leading occupiers.
Recently completed, the facility is designed to the highest specifications, featuring 12-metre clear internal heights, NFPA-compliant sprinkler systems, 26 electric vehicle charging stations, 50 bicycle parking spaces, CO2 sensors and high-efficiency LED lighting. The building’s LEED Gold certification reinforces both its environmental credentials whilst aligning with the JV’s broader ESG commitments.
Located in Modugno within the Adriatica Special Economic Zone (SEZ), a rapidly evolving logistics corridor in southern Italy, the asset benefits from excellent multimodal connectivity and access to the economic incentives offered by Italy’s SEZs, which are designed to support infrastructure investment, job creation and industrial development.
This transaction follows on from the JV’s recent commitment to forward purchase a portfolio of six Grade-A logistics warehouses for €200m from developer VLD. Totalling 225,000 sqm, the portfolio is located across key hubs including Florence, Rome, and Bologna, with all set to be delivered by 2028.
Comments are closed.