11 Dec 2025

White & Case and EY SLT Advise Kryalos SGR on Acquisition of 13-Asset Last‑Mile Logistics Portfolio

"White & Case advised Kryalos SGR on the acquisition of a 13-asset last‑mile logistics portfolio sold by Logiman and affiliated companies, through funds linked to Blackstone. EY Studio Legale Tributario assisted on tax matters. The portfolio spans Lombardy, Veneto, Piedmont and Emilia‑Romagna, totalling approximately 107,000 sqm GLA and including 11 standing assets plus two developments."

White & Case advised Kryalos SGR, while EY Studio Legale Tributario assisted Blackstone and Kryalos SGR on tax aspects; Studio Ricci e Radaelli acted as notaries in the transaction. The transaction concerns Kryalos SGR’s acquisition of a last‑mile logistics portfolio composed of 13 assets, sold by Logiman and certain affiliated companies through funds attributable to Blackstone. The assets are located in Lombardy, Veneto, Piedmont and Emilia‑Romagna in areas with strong infrastructure accessibility and proximity to major motorways and logistics hubs. The portfolio has a total gross lettable area of approximately 107,000 sqm, further strengthening Kryalos’s position in the dynamic and strategic last‑mile logistics segment of the Italian real estate market. The portfolio comprises 11 standing assets and two additional properties under development, together accounting for about 35,000 sqm, with completion expected between 2026 and 2027. White & Case represented Kryalos SGR with a team composed by: partners Giovanni Cirelli and Domenico Fanuele, local partner Matteo Catalano and associate Francesco Speciale (all from the Milan office). EY Studio Legale Tributario represented Blackstone and Kryalos SGR on tax matters with a team composed by: partner Alessandro Padula, manager Rosario Nuzzo and staff members Michela Cipriani and Chiara Caruso. Studio Ricci e Radaelli – Notai Associati acted on notarial matters with partners Giovanni Ricci and Alessandra Radaelli.
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