PAULLO, Italy—Prologis, Inc. says its Prologis European Properties Fund II (PEPF II) has acquired from Sireo Immobilienfonds No. 4 a 430,500 square-foot (40,000 sm) logistics facility in Paullo, near Milan.

The building on Strada Vecchia Paullese is located in the eastern section of the Province of Milan. The area is undergoing significant infrastructure development and offers excellent connections to main national routes via TEEM, the new Milan bypass, and BreBeMi, the new highway from Milan-Brescia.

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