Milan – 29 October 2021 – Curzon Capital Partners 5 Long-Life (CCP 5 LL), the core-plus fund advised by Tristan Capital Partners, has grown its logistics allocation with the acquisition of a portfolio of c. 150,000 sqm Gross Lettable Area (GLA). The portfolio is made up of five assets from Co-op Adriatica and Co-op Alleanza 3.0.
The assets are located mainly in Emilia Romagna, Northern Italy. Sale and leasebacks have been agreed on for four of the properties; the final asset located in the heart of Bologna Interporto is let to third parties.
Coop Alleanza 3.0 is the largest Italian consumers’ cooperative based on number of stores (over 400), members (over 2.3 million) and turnover (€4.4 billion in 2020). The properties represent the backbone of Coop Alleanza 3.0’s food distribution network by acting as the delivery and sorting point for grocery goods from suppliers, which serve almost 300 grocery stores/points of sale daily. The portfolio GLA breaks down into c. 25% of dry storage and 75% of cold storage.
CCP 5 LL was advised by Greenberg Traurig Santa Maria partner Federico Barbara and associate Flavia Guancioli for all legal aspects and partner Corrado Angelelli and associate Antonio Izzi for all aspects related to the financing.
About Greenberg Traurig Santa Maria: is the result of the combination of Greenberg Traurig, LLP with its long-term ally, Santa Maria Studio Legale Associato - a renowned legal boutique, founded in 1970 by Alberto Santa Maria in Milan. Greenberg Traurig Santa Maria is the fifth GT office in Europe and the 40th office in the world and comprises more than 50 lawyers.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2300 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 25 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 4.0 Certified Plus. Web: www.gtlaw.com