Italian asset manager Kryalos Sgr has expanded its industrial real estate portfolio through the Mercury Fund.
The fund recently acquired two light-industrial properties in Pioltello and Capriate San Gervasio, near Milan and Bergamo, respectively.
Totaling over 35,000 m2, both properties were immediately leased to a prominent Italian manufacturer of printed materials.
This acquisition brings the Mercury Fund's total industrial and logistics holdings in the Greater Milan area to five with a total surface area of approximately 145,000 m2. These properties, all located in the Greater Milan area, are strategically positioned along major highways and are leased to high-quality tenants.
Gianluca Vairani, senior managing director Transaction Management and head of ESG of Kryalos SGR, said: ‘In a macroeconomic context such as the current one, Italy emerges as a place of great opportunities in the logistics sector. In particular, the areas surrounding Milan and Bergamo, where the two assets acquired through the Mercury fund are located, thanks to their strategic position, are confirmed as the most attractive for investors in Northern Italy.’
The Mercury Fund, backed by Blackstone and managed by Kryalos Sgr, is strongly focused on acquiring high-quality industrial and logistics assets in Italy.
