Kryalos SGR buys office portfolio in Northern Italy

Italian asset manager Kryalos SGR has acquired an office portfolio for its Virtus fund in the Milan area from Italian Nexi Group.

Financial details were not disclosed.

The portfolio consists of five assets with a total gross leasable area of 18,000 m2.

‘We are pleased to have completed this acquisition, which allows us to expand our office portfolio and increase the value and geographical diversification of the Virtus fund,’ commented Paolo Bottelli, CEO of Kryalos.

Federico Gallo, head of group M&A and real estate of Nexi, added: ‘The sale of this portfolio is part of Nexi’s strategy to dispose of some assets no longer strategic, focusing all group’s resources on becoming the national leader of digital payments.’



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