The portfolio of six, grade-A warehouses across three locations is being purchased from Italian logistics developer VLD.

This includes a 45,000 sqm development across two buildings, currently undergoing construction in Greater Florence.

In Southern Rome, the JV is acquiring a 150,000 sqm scheme across three big-box buildings, to be delivered between the end of 2026 and 2028.

Elsewhere, the deal includes a 33,000 sqm property in Greater Bologna, which is expected to be delivered by H1 2027.

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Stoneweg and Bain Capital were advised by DILS and Colliers (commercial), Linklaters (legal, tax, structuring and regulatory counsel and CBRE (technical due diligence).

“We see a solid demand outlook, fostered by secular themes of e-commerce penetration and nearshoring, a reduced pipeline of modern, Grade-A product, whilst witnessing increasing quality requirements from tenants,” said Rafael Coste Campos, a partner at Bain Capital.

“Our European Grade-A logistics portfolio has reached a critical mass of $1.5bn GDV today, and we are looking to expand further.

“This investment marks a significant milestone in our strategy and further strengthens our long-term partnership with Stoneweg.”