Logicor Completes Expansion of State-of-the-Art Logistics Hub in Vignate for IMA Eurosicma

Logicor Completes Expansion of State-of-the-Art Logistics Hub in Vignate for IMA Eurosicma

(IN BRIEF) On May 28th, 2024, Logicor, a prominent player in European logistics real estate, finalized the refurbishment and expansion of a cutting-edge logistics hub in Vignate (MI), Italy. The newly revamped facility, spanning over 25,000 sqm and owned by Thunder II fund managed by Kryalos SGR, accommodates IMA Eurosicma, a division of the IMA Group specializing in automatic machinery for food, pharmaceutical, and personal care packaging. The hub’s expansion, including a 430kWp solar panel system, aligns with ambitious environmental targets, emphasizing sustainability. Strategically located near Milan and Linate Airport, the hub enhances trade flow efficiency. Alessandro Pierini of IMA Eurosicma commended Logicor for delivering a modern, eco-friendly facility meeting the group’s standards. Logicor’s commitment to Italy’s logistics landscape underscores its mission to develop and renovate logistics centers in key regions, supporting customers and fostering growth.

(PRESS RELEASE) LONDON, 28-May-2024 — /EuropaWire/ — Logicor, a leading owner, manager, and developer of European logistics real estate, completes a new logistics hub in Vignate (MI) for existing Customer with IMA Group, international leader in automatic machinery for the process and packaging of food, pharmaceuticals, personal care products by supporting the business growth of the company Eurosicma – Costruzioni Macchine Automatiche S.p.A.

The new hub of more than 25,000 sqm, which has been completely renovated and expanded by 4,000 sqm, is owned by the fund Thunder II – closed-end real estate investment fund managed by Kryalos SGR – and covers an area of more than 42,000 sqm. The warehouse consists of two units, one of 14,100 sq m and the other, leased to Eurosicma, of about 8,600 sqm to which is added more than 2,200 sqm of office space.

Vignate will target thehighest environmental standards and includes a 430kWp solar panel system which will contribute to the carbon reduction target of 36% by 2030.

The logistics hub is located in a strategic area for the flow of trade: it is only 16 km from Milan, the main logistics center in northern Italy and with one of the highest occupancy rates in the country, and 14 km from Linate Airport.

“The new Vignate hub demonstrates how we are able to bring together our local knowledge, the strength of relationships with local governments and a deep understanding of our Customers’ needs to deliver the real estate to meet their requirements.”

Graeme Hepburn, Logicor Italy Country Manager

Alessandro Pierini, Operations Director of IMA Eurosicma stated:

” In Logicor, we have found the right partner to entrust with the transfer of one of the companies within the IMA Group that operates in the food packaging sector. Thanks to the fruitful collaboration and the professionalism of the Logicor team, today IMA Eurosicma has expanded its production area and is equipped with a modern and sustainable facility, in line with the Group’s standards”.

Logicor, owns and manages a portfolio of over 2.6 million sqm of real estate assets across key markets, including Lombardy, Veneto, Emilia-Romagna, and Lazio, is pursuing its expansion strategy in Italy through the development and renovation of logistic centers at strategic locations like key transportation hubs and population centres. Logicor has recently completed several real estate projects, including the construction of a new logistics hub in Lainate.

About Logicor

Logicor is a leading owner, manager and developer of European logistics real estate.

As at December 2023, our portfolio of properties spans over 20 million square metres of warehouse space in key transportation hubs and close to major population centres, enabling us to support over 2,000 customers.

We are headquartered in London and Luxembourg and have teams of people based across Europe.

Our real estate and the strength of our network enable our customers’ goods to move through the supply chain and into society, every day. For more information visit  www.logicor.eu

Media Contact:

Logicor Italia srl
Cinzia Furlani
Comms & Marketing Manager, Sud Europa
cinzia.furlani@logicor.eu

Press Office – OPRG
Massimo Garanzini, Roberto Carnazza, Chiara Bianchi
logicor-ita@omnicomprgroup.com

SOURCE: Logicor