Manova Partners has made its debut in the Italian logistics market with the acquisition of two properties.
The real estate investment manager said it has acquired the two properties in Campogalliano, near Modena, on behalf of a separate account and through the Callisto fund managed by Kryalos.
The logistics assets were sold by DeA Capital Real Estate on behalf of the GO Italia VI Fund, which is entirely invested by BGO.
With the latest transaction, the firm is expanding its footprint in the Italian logistics market, where it now manages four properties on behalf of various clients and investment vehicles.
Laetitia Treves, head of transactions Europe, Manova, said: “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.”
Globally, Manova Partners manages more than €2bn within the logistics sector, maintaining a broader investment focus on the office, retail, logistics and residential segments.
Manova manages approximately €10.4bn in assets under management, comprising 174 properties across Europe and the Americas.
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