Big news in Italian real estate: Kryalos SGR S.p.A. has expanded its logistics footprint with White & Case advising on a strategic acquisition of a last-mile portfolio from Logiman and related entities, financed through Blackstone-backed funds.
In total, 13 assets are now part of Kryalos’ portfolio, spread across Lombardy, Veneto, Piedmont, and Emilia-Romagna. These locations were chosen for their excellent access to major highways and key logistics corridors, underscoring the portfolio’s strategic value for last-mile operations. The combined gross leasable area approaches 107,000 square metres, reinforcing Kryalos’ standing in one of the most active and forward-looking sectors of Italy’s real estate market.
Within the package, 11 assets are currently stabilized, while two additional properties—together about 35,000 square metres—are slated for completion in 2026–2027. These forthcoming assets are expected to further amplify Kryalos’ capabilities in delivering rapid, efficient distribution solutions to the country’s growing e-commerce and logistics demand.
White & Case’s Milan team, led by partners Giovanni Cirelli and Domenico Fanuele, with local partner Matteo Catalano and associate Francesco Speciale, acted as counsel on the transaction.
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But here’s the headline takeaway: this acquisition not only broadens Kryalos’ geographic reach but also signals a sustained push toward last-mile logistics in Italy, a sector attracting significant capital and strategic activity. As markets evolve, questions to consider include how last-mile networks will adapt to shifting supply chains and what role private managers like Kryalos will play in shaping the distribution landscape. Do you see this deal as a blueprint for future Italian logistics investments, or are there potential challenges on the horizon that could temper enthusiasm?
