AEW Europe, one of the world’s largest real estate investment and asset managers[1], announces the off-market acquisition of a Grade A, c. 55,000 sqm fully let logistics asset from DWS in the North-East of Milan, a strategic location for logistics services in Northern Italy.
Completed in 2018 as a build-to-suit project for a global third-party logistics company, this asset features high technical specifications. Arcese, which operates from 100 locations globally, uses the asset as its main European hub and fully leases the space with a WALT of c. 23 years. Built to high technical specifications, the property has BREEAM Good In-Use certification[2].
Located in Basiano, the building is situated in a prime market for logistics, located 20 km from Milan and benefits from access to the A4 motorway, a critical route for freight transportation in Northern Italy, which also connects to the European Transportation Corridors. The site also forms part of a wider industrial zone for manufacturing and commercial activities.
AEW Europe was advised by Bonelli Erede, Drees & Sommer and WCG - World Capital Group.
[1] Source: 2025 IRE.IQ Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024.
[2] The asset received BREEAM Level Good In-Use in December 2023 and is valid until December 2026. BRE is the third party that tabulated the certification. An assessment fee was paid in connection with this certification by the seller prior to AEW acquiring the asset. Additional information on ESG practices is available upon request.
About AEW
AEW is one of the world's largest real estate asset managers, with €73.4bn of assets under management as at 30 September 2025[1]. AEW has over 830 employees, with its main offices located in Boston, London, Paris and Singapore and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world.
As at 30 September 2025, AEW managed €35.6bn of real estate assets in Europe on behalf of a number of funds and separate accounts. AEW has over 515 employees based in 11 offices across Europe and has a long track record of successfully implementing Core, Value-Add and Opportunistic investment strategies on behalf of its clients. In the last five years, AEW has invested and divested a total volume of almost €14bn of real estate across European markets.