Crossbay and Kryalos have acquired a strategically located last-mile logistics property in Fiumicino, enhancing their investment portfolio amidst growing demand for urban logistics solutions in Italy.

Information on the Target

Crossbay, the urban logistics strategy of MARK Capital Management, in conjunction with Kryalos SGR, has successfully acquired a last-mile logistics property situated in Fiumicino, Rome. This asset, located at Via della Corona Boreale 240, spans approximately 52,500 square meters, with significant warehouse space accounting for around 50,950 square meters and an additional 1,550 square meters dedicated to office use. The facility is equipped with 78 loading bays and 5 ground-level doors, and it is currently fully leased to three reputable tenants engaged in cold-chain logistics for food and pharmaceutical products, express courier services, and distribution for the hospitality sector.

The acquisition was executed through the Bay Fund, Crossbay’s Italian investment platform, which currently manages 9 assets totaling 148,000 square meters. The focus of this platform is on high-quality logistics assets characterized by a strong last-mile emphasis, strategically located in high-demand areas with robust leasing fundamentals and strong ESG compliance. Prior to the acquisition, the property underwent significant refurbishment and achieved BREEAM “Very Good” certification, underscoring its commitment to environmental sustainability and long-term value.

Industry Overview in Italy

The last-mile logistics sector in Italy has witnessed considerable growth, driven by the increasing demand for efficient distribution networks and rapid delivery services. With the rise of e-commerce and changing consumer behaviors, there has been a s