Spazio Investment, a real estate investment company focused on the Italian industrial property market, said on Thursday it had made two acquisitions worth a total of EUR 32 mln. The average gross initial yield of the transaction is 8.1%. The fund also said it has signed two binding sale agreements on a total 79,000 m[sup]2[/sup] of space for EUR 22 mln. The deal reflects a gross exit yield of 8.5%.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
