Nuveen RE invests 100 million euros in logistics in metropolitan Milan

The acquisition led by the London-based group Nuveen increases its presence in the Italian market, with an acquisition of 100 million euros.

Kryalos sells, but retains management

This is the value of the three logistics properties acquired by Kryalos in Liscate, Inveruno and Landriano (metropolitan Milan).

The properties will nevertheless remain under the management of Kryalos itself through a dedicated Sicaf (fixed-capital investment company).

The assets are fully let, with an occupancy rate of 100% and a reliable tenant mix, with a low risk of default, and were selected for their modern technical specifications, as well as their ability to guarantee stable and secure income streams over the long term.

The Liscate hub comprises 2 assets and is located at the main access point to Milan for goods arriving from eastern Lombardy, Veneto and Emilia-Romagna.

The municipality of Liscate is one of the best-connected locations in Italy, capable of serving both last-mile urban distribution and larger-scale commercial networks in northern Italy.

The asset has recently undergone a comprehensive redevelopment programme. The process of obtaining Breeam very good certification is also under way.

Nuveen: Italian logistics is worth 141 billion

The portfolio comprising the assets in Inveruno and Landriano includes two Class A logistics warehouses, both already Breeam-certified, acquired jointly as part of a single transaction.

The first is located 15 kilometres west of Milan, along the Milan-Malpensa-Turin axis, and therefore at a key connection point between Italy’s industrial heartland and Northern Europe.

The Landriano warehouse is instead located 18 kilometres south of the Lombardy capital, at the intersection of the A1 motorway (Milan-Naples) and the A7 (Milan-Genoa).

Notes Thorsten Kiel, head of industrial and logistics real estate at Nuveen: “With a logistics market worth approximately 141 billion euros – the fourth largest in the EU – Italy offers extremely interesting potential for well-positioned core investors.

“These acquisitions,” he continues, “constitute a diversified, high-quality sub-portfolio. Each property enjoys an excellent location, has high-level technical characteristics and is let to financially sound tenants”.

As at 31 March 2026, Nuveen held managed assets worth 1.400 billion dollars (over 1.200 billion euros) in 32 countries.

THE BREAKDOWN OF NUVEEN REAL ESTATE ASSETS

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.