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6.11%

Net Initial yield at acquisition

4,970

Total sqm

SDA, Italian Post

Tenant

100%

Occupancy Rate

5.39

WALT

Location

The asset is located in the semi-centre of Brescia, east of Milan, in a dynamic and new business area. The location offers excellent connections to the rest of the region and country, and is sufficiently close to Milan to benefit from its business influence. Brescia is a 300k inhabitant city, and the asset is only 4 km away from the motorway to Milan.

Tenant

The property is fully let to SDA, a subsidiary of the Italian Post, hence with a similar credit rating than the Italian state. SDA operates in the logistics and distribution services in Italy, and generates c. €600m turnover for c. 1600 employees.

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