The asset is a freehold intermodal logistics park with 156,888 square metres (“sqm”) of NLA, spanning a 421,703 sqm site and built-in stages between 1995 and 2006. It has nine warehouses with ample loading bays, an office building and a canteen. 18,000 sqm of its NLA is used for cold storage.
The asset is over 99% let to a diverse tenant-customer base comprising 24 different occupiers. The asset also includes a railway with four tracks, each approximately 1km long, with direct loading/unloading platforms and a freight terminal connected to national railway services.
The asset is conveniently located in Monteprandone, a municipality in central Italy along the eastern Italian coast on the border between Marche and Abruzzo regions on the Adriatic coast with access to four different regions: Marche, Abruzzo, Lazio (~ 2-hour drive to Rome) and Umbria. Its proximity to the A14 / E55 motorway, which connects Bologna to Bari along the Adriatic coast, makes it a high potential logistics location. As the main highway connecting Greece to Denmark, the A14 / E55 motorway is also an important trade corridor in Europe.