Investments in Italy’s industrial real estate will exceed 1 billion dollars

The Dutch logistics and industrial real estate group CTP has expressed interest in the Italian market and intends to invest 1.2 billion dollars over the next five years. The plans include, among other things, the acquisition of a major construction company, Bloomberg reports, noting the expansion of its divisions in Europe.

Deal with developer VLD

CTP CEO Remon Vos said that the company had long considered entering the Italian market and was already working with several manufacturers from the country who had moved their operations to Central Europe. Among the clients mentioned were Brembo and UFI Filters.

One of the first deals will be the acquisition of developer VLD SRL valued at 241 million euros. Its portfolio includes a land plot of 1.7 million sq. m and about another 7 million sq. m under contracts or options. VLD S.r.l. specializes in developing warehouse and distribution facilities and has operated in the market for more than 20 years. It has delivered over 6 million sq. m of projects across the country. VLD holds a large portfolio of land plots and ready-to-build sites, making it a key player in Italy’s modern logistics infrastructure segment. The acquisition creates a foundation for launching large-scale projects in this category.

CTP financial indicators

CTP was founded by Remon Vos in the Czech Republic, after which it began expanding westward and entered the German market in 2021. Today, it is the largest publicly listed industrial real estate developer in Europe. In the third quarter of 2025, the group’s total floor area reached 13.8 million sq. m. Annual rental income rose to 778 million euros with an occupancy rate of 93%. During the first nine months of 2025, the developer completed the construction of 553 thousand sq. m of new facilities. Projects under development total 2 million sq. m, with a potential annual income of 165 million euros once completed and fully leased.

CTP’s land bank amounts to 25.7 million sq. m, of which around 22 million sq. m is owned by the company. According to the developer, these sites allow for the construction of approximately 13 million sq. m of new industrial and logistics space.

Italy’s real estate market

Italy’s industrial and logistics real estate market continues to grow as e-commerce, retail and demand for modern distribution centres expand. A study by Ken Research highlights that the segment is developing faster than traditional real estate sectors due to rising consumer deliveries and the need for storage, sorting and distribution facilities. Demand is increasing for Class A warehouses, while gradual modernisation of existing assets is also underway, as they still make up a significant share of supply.

According to JLL, investor and operator activity in the warehouse sector remains consistently strong. From January to September 2025 the volume of transactions is
estimated at 1.6 million sq. m, with significant demand focused on large sites in Northern Italy, particularly in the Milan and Verona areas. Analysts note that deals are relatively evenly split between new developments and refurbished warehouses, reflecting the general trend of infrastructure upgrading. Demand is supported by both traditional logistics and e-commerce.

Cushman & Wakefield’s report for Q2 2025 shows that investment in Italy’s industrial and logistics sector exceeded 800 million euros. The share of last-mile facilities and large distribution complexes serving national networks is increasing within total demand. The report notes that tenants increasingly seek energy-efficient features and environmental certifications, as operating costs have become a key factor in site selection. Northern Italy remains the main hub of construction and investment activity.

Forecasts and risks

According to IMARC Group, the total value of Italy’s transportation, warehousing and logistics services market in 2024 amounted to around 125.4 billion dollars. Growth to 191.5 billion dollars is expected by 2033. Analysts at Mordor Intelligence estimate the country’s freight and logistics market at 117.6 billion dollars in 2025 and project growth to 140.9 billion by 2030, with a CAGR of 3.7%.

Sector insights from TracEData Research confirm the positive outlook: Italy’s warehouse and logistics real estate segment will expand thanks to transportation infrastructure upgrades, stronger export chains and the rise of e-commerce. Northern Italy will remain the main demand centre, though interest in Central Italy is also growing. At the same time, Colliers reported that in Q3 2025 investment in logistics real estate fell below last year’s level. Transaction volume reached 396 million euros, 37% less year-on-year, which may indicate short-term volatility in investor interest.

Key challenges cited by experts include congestion in the transport system, a shortage of modern warehouse facilities in southern regions, rising operating costs such as fuel and labour, and the need for broad infrastructure modernisation.