Valor enters Italy with €20m Milan logistics acquisition

European last-mile logistics specialist Valor Real Estate Partners has made its first foray into the Italian market. 

Logistics

Through an Italian REIF managed by Colliers Global Investors Italy, Valor acquired a significant urban distribution facility in Cerro Maggiore, north-west Milan, for €20 mln from Nuveen Real Estate.
Milan is recognised as one of Europe's top-performing logistics markets, boasting a 13% CAGR in rental growth since 2014 and a substantial supply-demand imbalance, with total take-up exceeding completions by 900,000 m² since 2021. Valor plans to invest around €100 mln in the Milan region in 2026, as it continues to expand its presence in Europe's most competitive and undersupplied markets.
The acquired property features 20,926 m² of modern distribution and ancillary office space. It underwent a comprehensive refurbishment in 2023 to achieve Grade A standards, offering contemporary loading docks and a façade with a 49-metre yard for full vehicle circulation. The facility is fully leased to UBV World, a leading transport and logistics provider, with a 4.5-year unexpired term. Its strategic location in Cerro Maggiore, Milan's most densely populated submarket, provides excellent connectivity to Milan city centre via the E62 and A8 motorways.
With this transaction, Valor's operations now span more than 11 gateway cities across the UK, France, Germany, the Netherlands, Ireland, and Italy. The company manages a portfolio exceeding €5 bn, comprising over 200 assets and 1.58 million m2, on behalf of various global investors.
Matthew Ganas, senior VP, 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.”
Valor was advised by Dils Italy and Gruppo Ryze.