LaSalle buys last-mile Verona asset from SEGRO fund

LaSalle Investment Management has acquired Verona DC1, a fulfilment centre located in Verona, Italy, on behalf of Encore+, LaSalle’s flagship pan-European fund.

The asset was sold by DeA Capital Real Estate SGR, through Fondo Logita, on behalf of SEGRO European Logistics Partnership. 

An e-commerce distribution hub, it was built in 2019 by Vailog, part of SEGRO Group, and has a lettable area of 128,000 sq m. The hub achieved a DGNB Platinum level certification, which recognises the environmental, economic, sociocultural, functional and technical quality of assets.

The asset is leased to the Italian subsidiary of one of Europe’s leading online fashion retailers which has installed advanced automation and sorting systems at the site, and has agreed a long-term tenancy.