Italian asset manager Kryalos has acquired two last-mile properties with a total area of 18,000 m2 on the outskirts of Rome.
The assets were purchased via the firm's Juno fund, an alternative real estate investment fund dedicated to last-mile logistics, subscribed by funds attributable to Blackstone and managed by Kryalos.
The fund started the investment period last November, completing the purchase of two properties in the province of Milan.
The latest assets acquired are located south of Rome near Santa Palomba and are flexible for both warehousing and last-mile distribution activities.
They have a surface area of approximately 18,000 m2 in total and are well connected to the city via Via Ardeatina, one of the main local arteries. The real estate portfolio is currently leased to an important player operating in the logistics services sector. This is the second deal inked by Juno.
Gianluca Vairani, senior managing director transaction management & head of ESG of Kryalos said:'Rome's logistics market involves distribution at a local, national and international level with ample margins for development.
'The investments concluded by the Juno fund strengthen Kryalos' positioning in last-mile logistics.'
