British company Valor wants to invest 100 million in Milan

It is not just the debut in a new market, through an episodic operation. It is the first step in a penetration strategy that aims to invest EUR 100 million in Italian logistics in 2026 alone.

Last Friday, Valor Real Estate Partners - a UK company specialising in "last mile" investments and among the fastest-growing realities in Europe - completed its first transaction in Italia, through an Italian real estate fund managed by Colliers Global Investors Italy, acquiring from Nuveen Real Estate a large urban distribution centre in Cerro Maggiore, north-west of Milan, for approximately EUR 20 million. In all, it consists of 20,926 sqm of modern office and logistics distribution space, fully refurbished in 2023 to 'Grade A' standards.

In fact, as Valor itself explained, the company is aiming for around EUR 100 million of investment in the metropolitan area by 2026, continuing to expand its presence in the fastest growing, most competitive, and undersupplied European markets.

As Valor's senior vice president Matthew Ganas explained, "Milan has rapidly become one of the leading logistics markets in Europe, with a rapidly growing urban population and a location that allows it to serve as a strategic hub for the broader distribution needs throughout Italia. Entering new markets where we can use our data-driven approach is crucial to our growth ambitions. We have an identified pipeline of acquisition opportunities in the Milan area, focused on valuable, reversible assets, as well as older assets with short-term rental profiles, where there is an opportunity to improve their functionality, energy performance and rental levels through refurbishment and asset management.

Following this transaction, Valor's presence now extends to over 11 gateway cities in the UK, France, Germany, the Netherlands, Ireland and Italia. The €5 billion-plus portfolio comprises over 200 assets and 17 million square feet (approximately 1.6 million square metres) and is managed by Valor on behalf of several global investors.