Site is one of last remaining plots authorised for logistics in Emilia-Romagna
Project Altamira will be done in collaboration with the Government of Cantabria
The 31,000 sq m office building requires around €60m in additional capex
Former Teatro delle Arti primed to become 96-room asset
Property was completed in 2022 and refinanced last year
Buyer will occupy part of the 26,000 sq m property
Blackstone, Starwood Capital and Sixth Street among bidders
Collection comprises three four-star assets
Site acquired through new living fund worth €250m