Valor expands into Italy with acquisition of modern distribution facility in Milan

4 February 2026

Valor is targeting c. €100 million of investment in 2026 in fast growing, high performing Milan city region

Leading pan-European last-mile specialist’s AUM now totals €5+bn of AUM across six countries

Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile specialist, has completed its debut transaction in Italy through an Italian REIF managed by Colliers Global Investors Italy, acquiring a large-scale urban distribution facility in Cerro Maggiore, north-west Milan for c. €20 million from Nuveen Real Estate.

Milan is one of Europe’s best performing logistics markets with rental growth of 13% CAGR since 2014 and a significant supply-demand imbalance that has seen total take-up exceed completions by 900,000 sqm since 2021. Valor is targeting c. €100 million of investment in the city region 2026 as it continues to expand its footprint in Europe’s fastest-growing most competitive and undersupplied markets.

The property comprises 20,926 sqm of modern distribution and ancillary office space and was comprehensively refurbished in 2023 to Grade A standard, offering modern loading docks and façade with 49 m yard space allowing full vehicle circulation. It is fully-let to UBV World, a leading transport and logistics provider, with a 4.5 year unexpired term. It is located in heart of Cerro Maggiore, the most densely-populated submarket in the Milan region which offers excellent connectivity to Milan city centre via the E62 and A8 motorways.

Following this transaction, Valor’s footprint now extends across more than 11 gateway cities in the UK, France, Germany, Netherlands, Ireland and Italy. The €5+bn portfolio spans more than 200 assets and 17 million sq ft and is managed by Valor on behalf of a number of global investors.

Matthew Ganas, Senior Vice President, Valor said:

“Milan has fast become one of Europe’s leading logistics markets, with a rapidly growing urban population and a location that allows it to serve as a strategic hub for wider distribution needs across Italy. Entering new markets where we can utilise our data-led approach is key to our growth ambitions. We have an identified pipeline of acquisition opportunities in the Milan region focused on prime, reversionary assets as well as older assets with short lease profiles where there is an opportunity to improve the functionality, energy performance and rental levels through refurbishment and asset management.”

Valor was advised by DILS Italy and GRUPPO RYZE.