Kryalos sells five assets to Hines for EUR 110 million

Kryalos Sgr sold to Hines a logistics portfolio consisting of five assets located in Piedmont. The portfolio - sold by the Mazer Fund and acquired through the fund named "Hepp 1 Italy A" managed by Colliers Global Investors Italy Sgr - is composed of five buildings for logistics use, all fully leased and located respectively in Orbassano (Turin), San Pietro Mosezzo (Novara) and Oleggio (Novara). According to rumours, the total value should be around EUR 110m.

The property in Orbassano has a gross area of approximately 7,340 square metres, is equipped with 11 loading bays and 3 flush doors, and is located within the Turin interport, 20 km from the Piedmontese capital and 24 km from the entrance to the A4 motorway (Milan - Turin).
The three buildings in San Pietro Mosezzo have a total surface area of approximately 86,000 square metres, are equipped with 100 loading bays, and are located 54 km from Milan and 5 km from Novara and the Novara Ovest exit of the A4 motorway. The Oleggio plant, on the other hand, has a gross surface area of over 41,500 square metres, is equipped with 26 loading bays and 12 gates, and is strategically located 50 km from Milan, 12 km from Malpensa airport and 19 km from the Novara Est exit of the A4 motorway.

"We are very pleased with this transaction," said Paolo Bottelli, CEO of Kryalos Sgr. "The logistics sector continues to represent a key segment for our business, thanks to solid fundamentals and demand supported by long-term structural trends.