Valor Real Estate Partners has entered the Italian market with the acquisition of a €20m distribution facility in Milan from Nuveen Real Estate.
Valor said the fully-let 20,926sqm urban distribution facility in Cerro Maggiore was acquired through an Italian real estate investment fund managed by Colliers Global Investors Italy.
Valor said it is targeting €100m of investment in the city region during 2026, part of a broader strategy to expand its footprint in European markets.
Matthew Ganas, senior vice president at Valor, said: “Milan has fast become one of Europe’s leading logistics markets, with a rapidly growing urban population and a location that allows it to serve as a strategic hub for wider distribution needs across Italy.
“Entering new markets where we can utilise our data-led approach is key to our growth ambitions. We have an identified pipeline of acquisition opportunities in the Milan region focused on prime, reversionary assets as well as older assets with short lease profiles where there is an opportunity to improve the functionality, energy performance and rental levels through refurbishment and asset management.”
Following the transaction, Valor manages a portfolio of more than 200 assets across 11 cities in the UK, France, Germany, the Netherlands, Ireland and Italy. The firm’s holdings, managed on behalf of global investors, total 17m sqft and are valued at over €5bn.
To read the latest IPE Real Assets magazine click here.
