Aquila Capital starts the construction of the first warehouse of its 395.000 square metres logistics site in Tortona

• Green Logistics by Aquila Capital has started the construction of a 51.600 square metres latest-generation warehouse in Tortona under sustainable and energy-efficiency criteria
• The warehouse will be constructed on spec on a 130.000 square metres plot, the first phase of Tortona Green Logistics Park, and is expected to be completed in the 3Q of 2022
• The first Green Logistics development project in Italy will be carried out in partnership with GSE

Green Logistics by Aquila Capital, the development division dedicated to Aquila Capital’s logistics business in Europe, has recently started the construction of its first logistic project in Italy, which includes the construction of a 51.600 square metres warehouse which is part of the first phase of Tortona Green Logistics Park, a logistic site of 395.000 square metres located in Tortona, within the Piedmont province of northwest Italy.

This innovative logistic warehouse will have a multitenant layout, being built on spec on a plot of 130.000 square meters. The design includes a state-of-the-art turnkey “BigBox” logistics space which can be tailored to the needs of the tenants and is expected to be completed in Q3 of 2022.

The project is located in the municipality of Tortona in a key logistical location due to its proximity to the highways A7 and A21, with excellent connections to Milan and Genova, as well as to Turin.

Tortona Green Logistics Park, like all logistics projects of the company, is developed following strict energy efficiency and sustainability standards in the supply chain and construction to reduce CO2 emissions. These include Green & Sustainability certification, the installation of rooftop photovoltaic panels and the offsetting of CO2 emissions. These measures help the customers and tenants of Green Logistics’ assets to comply with their CSR and ESG policies. They also help reduce the tenants’ energy costs, while providing access to specific tax incentives associated with the use of renewable energy sources in the context of industrial purposes.

Rolf Zarnekow, Head of Investment Management Real Estate at Aquila Capital: “The start of construction is always an important milestone in our projects, but especially so when it is the first development in a country or region. We are very pleased to take this step hand in hand with GSE, a strategic partner for the development of our state-of-the-art logistics projects. With Tortona Green Logistics Park we want to lay the foundations for future projects in Italy, a key market in our Green Logistics investment and development strategy.”

Aquila Capital finalised the purchase of these 395.000 square metre logistics sites in May as its first investment of this type in the region. Tortona Green Logistics Park expands Aquila Capital´s asset portfolio in Europe, where it develops and manages more than 879.000 square metres over several logistics parks.