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Assets - Logistics real estate offer
In the last few years Italian logistics real estate market has registered a high growth in its turnover (+24% between 2003 and 2008), thanks to some specific factors:
- high quality facilities recently built
- low construction costs
- attractive "cap rate", that is competitive expected rates of return for logistics real estate investments (about 8% with peaks of excellence, in Milan area in Lombardy)
- availability of interesting areas, at the intersection of the main European traffic directions
- short times to build facilities
- favourable lease contract with contracts 6 years + 6 years and in some cases even 9 years + 6 years if requested.
Logistics real estate market has excellent returns. For this reason it attracts the interest of real estate funds which, in recent years, have invested in Italy more than 300 million € in a logistics space of around 350.000 square metres (Source: Real Estate Scenarios, "Logistics Real Estate Market Report 2009").