Global law firm K&L Gates advised Savills IM SGR, as manager of an Italian real estate fund, and Barings Real Estate European Value Add Fund III, as a unitholder of the fund, on the mortgage financing aspects of the acquisition of an approximately 145,000 square meters development site in Mantova Sud, Italy, for the construction of a Class A logistics warehouse development.
The site has planning consent for the development of approximately 67,000 square meters of Grade A logistics space in the Verona logistics submarket. Construction commenced in August 2026 and completion is scheduled for the third quarter of 2027. Upon completion, the development is expected to target a minimum LEED Gold certification.
Barings acquired the asset on behalf of a European value-add real estate strategy. The property is owned through an Italian real estate fund managed by Savills IM SGR and is situated in Mantova Sud, approximately 50 kilometers south of Verona. The development is located near the A22 motorway, a key European logistics corridor connecting northern Italy with Austria and Germany. The transaction represents Barings’ fourth logistics development in the Mantova micro-market.
The K&L Gates team was led by Milan partner Chiara Anceschi. The team also included London partner Richard Hardwick on English law matters, Milan partner Vittorio Salvadori di Wiesenhoff on tax matters, Milan counsel Giorgio Paludetti, Milan associates Viola Mereu and Elisa Massimetti, and Luxembourg partner Jan Boeing and senior associate Maria Savvidou on Luxembourg law matters.
“We were pleased to help Barings and Savills IM SGR move this development forward. Its location along a major European logistics corridor and the planned sustainability features make it a compelling addition to the Northern Italy market,” said Anceschi.