Starwood takes over the Oppeano Logistics Park near Verona from Patrizia
As part of the transaction, the Clifford Chance law firm advised PATRIZIA AG.
The PATRIZIA EuroLog Fund SCSp real estate fund sold the Oppeano logistics park, a prime logistics hub located 15 km south of Verona, to Starwood Capital Group for approximately € 274 million.
Oppeano Logistics Park is one of the best examples of logistics hub on the market, with its five warehouses for a total of approximately 246,000 square meters. The park, built between 2019 and 2020 in compliance with the highest international standards, has an occupancy level of 87% and hosts national and international occupiers including Aldi, Rewe, Bracchi and Trans Lusia, with an average contract duration at the earliest. hiatus option of just under four years.
Starwood Capital Group is a private equity fund focused on real estate, energy and oil infrastructure.
Clifford Chance has assisted PATRIZIA AG in relation to all real estate and corporate aspects with a team led by partner Claudio Cerabolini, head of Clifford Chance’s Real Estate team in Italy, with senior associate Angela Benincasa and associate Enrico Piro .
Discover all the assignments: Angela Benincasa – Clifford Chance; Claudio Cerabolini – Clifford Chance; Enrico Piro – Clifford Chance;