- Purchase of two modern logistics properties in Campogalliano for a separate account
- Properties completed in 2022, LEED Gold-certified and equipped with a 4.8 MW photovoltaic system
- Strategically advantageous location in the Greater Bologna logistics hub along the TEN-T core corridors; excellent connections to the A1 and A22 motorways
Manova Partners has acquired two logistics properties in Campogalliano near Modena on behalf of a separate account and through the Callisto fund managed by Kryalos SGR. The two buildings have being sold by DeA Capital Real Estate SGR on behalf of GO Italia VI Fund, entirely invested by BGO. Completed in 2022, these Class A properties form part of a larger pole including the headquarters of one of the main Italian third-party logistics providers and follow the latest ESG standards.
This transaction once again confirms Manova Partners’ conviction in the logistics sector, particularly in the Italian market, where they are seeing attractive risk-adjusted returns.
The properties are LEED Gold-certified and feature a 4.8 MW photovoltaic system. They therefore meet current sustainability and energy efficiency standards in the logistics sector.
The properties are situated in the greater Bologna area, an established logistics market in Italy. The region forms part of the Mediterranean TEN-T core corridors and serves as a key hub for north-south and east-west traffic. Furthermore, the site is situated directly at the junction of the A1 (Autostrada del Sole, Milan–Naples) and A22 (Autostrada del Brennero, Modena–Austrian border) motorways and offers direct links to the national and international transport network.
Laetitia Treves, Head of Transactions Europe, Manova: “Both properties fit perfectly into our current strategy of acquiring first-class properties with value-enhancement potential in markets where we see increased demand potential in the future. These investments enable us to generate a stable cash flow whilst creating long-term value for our investors.”
With this transaction, Manova Partners is expanding its activities in the Italian logistics market.
In total, the company today manages four properties in Italy on behalf of various clients and investment vehicles.
The debt financing is provided by pbb Deutsche Pfandbriefbank and totals €28 million for both properties.
Dils acted as broker. On the buyer’s side, RYZE was responsible for technical due diligence, Orrick provided legal advice, and EY handled tax matters. For the seller side, White&Case provided legal advice, Studio Ekoplan Architetture technical analysis, whilst the tax aspects were handled by EY, with a separate team from that of the buyer.
About Manova Partners
Manova Partners is an international real estate investment manager with approximately €11 billion in assets under management, covering 174 properties across Europe, North America, and South America. In addition to customized solutions (individual funds, fund-of-funds, and umbrella funds), Manova Partners also offers global club deals, multi-investor funds, and asset management mandates for German and international investors. The focus is on the office, retail, logistics, and residential sectors. Manova Partners’ approximately 160 real estate experts are closely networked within the market through their 18 regional offices in Europe, North and South America, and Korea. The company was founded in 2000 as GLL Real Estate Partners and was part of the Australian Macquarie Group from 2018 to 2024. Since December 2024, the company has operated as Manova Partners GmbH (HRB 134934) with headquarters in Munich. The company’s shares are exclusively owned by its employees.
www.manovapartners.com
About Kryalos SGR
Kryalos SGR, with €14,2 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
Contacts
Manova Partners
c/o RUECKERCONSULT GmbH
Sara Singbartl
manovapartners@rueckerconsult.de
Kryalos SGR
Raffaella Ciafardini
Tel. +39 02 92947100
raffaella.ciafardini@kryalossgr.com
Barabino & Partners
Claudio Cosetti
Tel. +39 02 72023535
Mobile +39 335 7491683
c.cosetti@barabino.it