Kryalos SGR, a private and independent asset management company with €15 billion in AuM, has taken over the management of an existing real estate fund dedicated to last-mile logistics investments, as part of two broader transactions involving the acquisition of units by funds managed by Blackstone.

The Fund, which is now named Orione, initially comprised two logistics assets in Origgio (VA) and Settimo Torinese (TO), totaling approximately 41,000 sqm. Both properties are let to high-calibre tenants.

Orione has recently acquired two additional logistics assets in Pioltello (MI) and Veggiano (PD), adding approximately 32,000 sqm of GLA. The Pioltello asset will undergo a significant capex program.

Following these transactions, Orione owns a portfolio of four last-mile logistics assets situated across Northern Italy, with a total GLA of more than 70,000 sqm, strengthening its presence in the Italian logistics market. All the properties are situated in strategic logistics areas, characterised by their proximity to the main motorway networks in Northern Italy and excellent access to key national and international distribution hubs.

“We are very pleased with these transactions, which strengthen Kryalos’s position in a logistics segment that is becoming increasingly central to supply chains.

The properties in the portfolio align with operators’ needs, combining strategic locations in Northern Italy, proximity to major motorway routes, access to distribution hubs and key urban centres, and facilities designed to support operational requirements. The presence of high-quality tenants and visibility of rental income also contribute to the strength of the investment,” says Gianluca Vairani, Senior Managing Director Transaction Management of Kryalos.

“With the Orione Fund, we reaffirm our commitment to local logistics, a sector driven by the evolution of distribution models, the rationalisation of transport networks and the growing need for companies to have efficient platforms serving major consumer markets.”

Kryalos SGR, with €15 billion of properties under management and a team of 130 professionals, is one of the most active players in the Italian real estate market. Recognised among the “significant in terms of size” SGR according to the definition contained in the Bank of Italy Regulation The company offers transaction management, real estate and credit fund management, development and advisory services and is partner of Italian and international leaders. Further information on www.kryalossgr.com