Kryalos SGR sells Italian logistics portfolio to Hines

Italian asset manager Kryalos SGR has sold a portfolio of five logistics properties in Piedmont, Italy, to Hines. 

San Pietro Mosezzo

The portfolio, totalling around 135,000 m2, was sold from Kryalos's Mazer Fund and acquired by Hines through the HEPP 1 Italy A fund managed by Colliers Global Investors Italy SGR.
The properties are fully leased and strategically located in Orbassano (near Turin), San Pietro Mosezzo (near Novara), and Oleggio (near Milan and Malpensa Airport). These locations offer excellent access to major transportation routes.
Paolo Botelli, CEO of Kryalos SGR, said: “We are very pleased with this transaction, which confirms Kryalos' ability to create value for our investors through active and flexible portfolio management and the solidity of our asset management approach, based on in-depth market knowledge. The logistics sector continues to be a key segment for our business, thanks to solid fundamentals and demand supported by long-term structural trends.” 
Kryalos SGR manages €14.2 bn in assets and is a prominent player in the Italian real estate market, offering a range of services from fund management to advisory.