Manova Partners Buys Italian Logistics Assets for EUR 51M

Manova Partners, operating independently following its recent spin-off from Macquarie Group, has significantly expanded its Italian logistics holdings with a strategic acquisition near Modena. The firm, alongside the Callisto Fund, managed by Kryalos SGR, has secured two prime logistics facilities in Campogalliano. This move signals a robust commitment to the Italian logistics sector, a market experiencing sustained institutional investor interest.

The transaction, valued at approximately EUR 51 million, involved the purchase of two modern, Class-A logistics assets. These properties, completed in 2022, serve as the operational hub for a major Italian third-party logistics provider. Their design emphasizes high usability for external clients and adheres to stringent environmental, social, and governance (ESG) principles, including LEED Gold certification and an integrated 4.8 MW photovoltaic system for energy generation.

This acquisition marks a notable expansion for Manova Partners, bringing its managed logistics portfolio in Italy to four properties. The firm's recent transition to an independent entity, focusing on European commercial real estate, positions it to capitalize on evolving market dynamics. The strategic location of Campogalliano, within the Emilia-Romagna region, offers excellent connectivity to Northern Italy's extensive manufacturing and distribution networks, a critical factor for modern supply chain efficiency.

The seller in this transaction was the GO Italia VI Fund, an entity managed by DeA Capital Real Estate SGR. This fund was initially established in 2019 and fully backed by BentallGreenOak (BGO). The divestment aligns with the fund's strategy, while the acquisition by Manova Partners and Callisto Fund highlights the enduring appeal of well-located, high-quality logistics assets in Italy.

The Italian logistics real estate market continues to attract significant capital, fueled by the persistent growth of e-commerce and the ongoing imperative for supply chain resilience and modernization across Southern Europe. Investors are increasingly prioritizing assets that offer not only strategic location but also strong sustainability credentials, reflecting a broader shift towards ESG-compliant real estate investments.

This deal underscores the sector's attractiveness, with comparable transactions in the European logistics space demonstrating strong investor appetite for modern, well-leased facilities. The demand is driven by a structural need for efficient distribution hubs that can support the increasing volume and speed requirements of online retail and just-in-time manufacturing processes. Manova Partners' strategic positioning and recent capital deployment are well-aligned with these prevailing market trends.