UniCredit grants €77m loan to Akno Group for Italian logistics project

UniCredit has granted €77 mln in financing to Benako Project 2, a company owned by the logistics developer Akno Group.

Akno Fiorenzuola Business Park

The financing will support the costs of designing, building, and developing a 108,000 m2 logistics complex in the municipality of Fiorenzuola d’Arda, in the province of Piacenza, Italy.
The customisable logistics asset will comprise three units: Building A (42,000 m²), Building B (42,000 m²), and Building C (22,000 m²). It will feature 115 loading docks and flexible office space. The development will also hold LEED certification and provide 546 car parking spaces and 31 HGV spaces.
Osborne Clarke advised Akno Group, while Gianni & Origoni assisted UniCredit.
Unicredit acted as the mandated lead arranger and original lender,