Yeldo, a European group specialised in raising capital for institutional real estate transactions, supported Paullo Investimenti, a subsidiary of Officine Mak, an operator with more than 20 years of experience in urban regeneration projects, in the structuring and issuance of a 10-million-euro senior secured bond aimed at the valorisation of two logistics assets in the Milan-Turin-Genoa industrial triangle.

The assets involved in the project - currently used for industrial purposes - exceed 260,000 square metres in surface area and represent an important urban regeneration operation in an industrial area with strategic connections to the main cities in Northern Italy.

The first asset, located in Vercelli, covers an area of over 101,000 square metres, and the building permit and environmental authorisations are expected to be issued at the beginning of 2025. The second asset, located in Arquata Scrivia (Alessandria), insists on an area with a surface of over 160,000 sqm and is currently the object of attention of numerous developers and investors in the logistics sector. Environmental permits and building permission are expected to be obtained by mid-2026.

In the transaction, Yeldo used YARD REAAS as technical advisor and for the valuation of the assets.