DeA Capital Real Estate Sgr launches a Sicaf with M&G in the logistics sector

DeA Capital Real Estate Sgr has entered into a partnership with M&G Real Estate through the purchase of a Sicaf with three logistics properties as its underlying assets for an important investment route in Italy.
M&G Real Estate - part of the international asset manager M&G Investments, through the M&G European Property Fund - has chosen DeA Capital Real Estate to manage MEP Italy Società di investimento a capitale fisso, a Sicaf that owns a logistics portfolio in the Milan metropolitan area.

The Sicaf may invest, directly or indirectly, in residential, commercial, logistics, industrial and mixed-use real estate, including properties under construction, building land and real estate rights. Investments may be made through units of real estate funds, real estate companies or other authorised investment vehicles, respecting the principles of risk diversification. Non-typical investments may represent a maximum of 1/3 of the total value of the Sicaf. Investments must be in real estate located in Italy.

To date, Sicaf's initial portfolio consists of three fully leased logistics assets located in Vignate, Biandrate and Rho, totalling more than 110,500 sqm. The properties are leased to well-established third-party logistics operators, both national and international, and the market value of Sicaf's portfolio is approximately EUR 85 million.