Logistic Opportunities Fund has made a strategic acquisition in the Italian market with its recent purchase of a FedEx last-mile asset in Spinetta Marengo (AL), within the greater south-west Milan market. The area has experienced a consistent expansion process after the consolidation of the logistics hub of Piacenza and Castel San Giovanni and following the growing demand for modern space, combined with competitive rent levels. The good catchment area, together with the quality of the existing building, make this warehouse key to FedEx operations in this region.

The newly acquired FedEx last-mile asset bolsters DAA Capital’s presence in Italy and is another milestone in the build-up of a portfolio of strategically located last-mile and urban warehouses across main logistics corridors in continental Europe.