Kryalos SGR, a private and independent asset management company with €14.2 billion of Assets under Management (AuM), and Crossbay, the urban logistics strategy of pan-European real estate investment manager MARK Capital Management, have completed the acquisition of a last-mile logistics property located in Fiumicino (RM), at Via della Corona Boreale 240, from LF1, a company participated by Edizione Property, following a value-enhancement and disposal strategy managed by Dekus, acting as advisor to the seller.

The property has a total gross floor area of approximately 52,500 sqm, of which around 50,950 sqm are used as warehouse space and 1,550 sqm are dedicated to offices. The complex is equipped with 78 loading bays and 5 ground-level doors and is currently fully let to three high-quality tenants, operating respectively in cold-chain logistics for food and pharmaceutical products, express courier services, and the distribution of products for the catering and hospitality sectors.

The transaction was completed through the Bay Fund, Crossbay’s Italian investment platform, which holds 9 assets in its portfolio, totalling 148,000 sqm. The fund, managed by Kryalos SGR, focuses on high-quality logistics assets with a strong last-mile focus, located in strategic areas and characterised by solid leasing fundamentals and high ESG standards.

The property, which has recently undergone a major refurbishment programme, has achieved BREEAM “Very Good” certification, illustrating a focus on environmental sustainability and long-term value durability.

“The acquisition of the Fiumicino asset is a tangible example of our investment strategy in the last-mile segment, which is characterised by structurally strong demand and high barriers to entry. Its proximity to the airport and to Rome’s urban fabric, combined with the high functionality of the building and a diversified tenant base of primary standing, makes this asset particularly attractive within the Italian logistics market,” commented Paolo Bottelli, CEO of Kryalos.

“This is a high-quality, strategically located asset that delivers immediate income to our investors and demonstrates the strength of occupier demand in last-mile logistics. The sub-sector continues to prove its resilience in the face of macro volatility and where pricing conditions present a compelling opportunity to expand portfolios in Europe’s most supply-constrained markets”, said Pietro Bucci, Senior Vice President, Crossbay.

“The transaction confirms Dekus’s approach to integrated management across the entire real estate cycle,” commented Mauro Montagner, CEO of Dekus, which acted as advisor to the seller. “The refurbishment of the asset made it possible to significantly enhance its performance, achieving BREEAM ‘Very Good’ certification and attracting tenants of primary standing. The subsequent disposal highlights the effectiveness of a disciplined asset management strategy focused on value creation throughout all phases of the transaction.”

Kryalos SGR, with €14,2 billion of properties under management and a team of 130 professionals, Kryalos SGR 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

Crossbay is MARK’s pan-European urban logistics strategy and the first to be specifically targeting single tenant distribution centres near ‘gateway cities’ across Europe. The platform allows institutional investors such as pension funds and insurance companies to gain exposure to a rapidly growing sub-sector that is supported by long-term growth drivers and structural shifts in the economy.

Dekus is an independent real estate investment management company based in Italy and headquartered in Milan. Founded in April 2024, it is a specialized firm focused on managing real estate investments, identifying, selecting, and overseeing qualified opportunities capable of delivering returns above market average. Dekus manages a diversified portfolio of over €2Bn of assets and offers highly specialized services to a wide range of institutional investors (private-equity funds and sovereign wealth funds) as well as to family offices and high-profile private investors. The company is primarily active in the Italian real estate market but is also currently managing investments in France and Belgium.