Milan, 28 September 2022 – Kryalos SGR today announced that Thunder III, a Blackstone-sponsored closed-end real estate fund, has finalised the acquisition of a logistics real estate complex located in Stezzano (BG), approximately 12 km from Orio al Serio airport and 55 km from Milan. Kryalos SGR is a regulated investment management company acting on behalf of Minerva in connection with both investments.

The logistics real estate complex, built in 1974 and completely refurbished in 2010, has a total GLA of approximately 21,000 sqm and 28 loading bays. The asset is located in a strategic position, well connected to motorways, railways and the airport, and is currently leased to an Italian 3PL operator.

Thunder III has an opportunistic risk/return profile and, with today’s operation, comes to hold two real estate complexes in its portfolio, for a total of 72,000 sqm and a value of €51 million overall.

“Despite recent macroeconomics events – said Paolo Bottelli, CEO of Kryalos SGR- logistics continues to be an attractive asset class for national and international investors, especially when it comes to modern and sustainable buildings and spaces, located in strategic areas.

The most dynamic area remains the Milanese macro-area, but investments are growing throughout Central and Northern Italy.”