Kryalos buys two last-mile logistics assets near Rome

Kryalos has completed the acquisition of two last-mile logistics assets on the outskirts of Rome through the Juno fund, an alternative investment fund, backed by Blackstone.

Gianluca Vairani, Senior Managing Director Transaction Management & head of ESG, Kryalos.

“The logistics market in Rome involves distribution at a local, national and international level and has great growth potential,” said Gianluca Vairani, senior managing director transaction management and head of ESG, Kryalos. “The Italian capital is an attractive investment destination in this sector, as demand for space is growing.”

The two assets, located near Santa Palomba, have a total area of 18,000 sq m and are currently leased to “an important player in logistics services”, the Italian asset manager said.

The buildings are flexible and can be used for last-mile distribution as well as warehousing activities. “This acquisition backed by the Juno fund strengthens Kryalos’ position in last-mile logistics,” Vairani said.

It is the second closing for the Juno fund, managed by Kryalos, which last November had acquired two logistics assets with a total area of 15,400 sq m in Legnano, a town 20 kms from Milan.

The Italian asset manager has been focusing on the logistics sector. In May it teamed up with Logicor to buy a 34,000 sq m plot of land in Sulbiate, near Milan, in order to develop a new 14,400 sq m logistics asset located near the motorway.

Kryalos, which has €12.5 billion of assets under management, has long been Blackstone’s partner in Italy.