The building process of 200 social housing units based in the Sarpi district in Milan started 21 October, Friday (see here a previous post by BeBeez). Fondo Ca’ Granda managed by InvestiRe sgr (Gruppo Banca Finnat) will finance such a development with 40 million euros. The investor is a vehicle that Fondazione IRCCS Ca’ Granda Ospedale Maggiore Policlinico di Milano, Fondo Investimenti per l’Abitare (Gruppo Cassa Depositi e Prestiti) and Fondazione Cariplo subscribed. The development will also host Casa Ronald di Milano, a provider of accommodation for the families that have their children at the hospital and that is part of Fondazione per l’Infanzia Ronald McDonald.
Fondo Cicerone’s Comparto Tre, a vehicle that Cassa Forense ( the pension fund of Italian lawyers) subscribed and that Fabrica sgr manages with the support of the advisor CBRE Investment Management, acquired a Paris-based building with offices (see here a previous post by BeBeez). Dutch pension fund PGGM and French investor Atland sold the asset that received the certifications BREEAM Very Good, HQE Excellent and Wiredscore Gold.
Milan-listed real investor Coima, a company that Manfredi Catella founded, said it aims to launch three ESG funds (see here a previous post by BeBeez). Coima Opportunity III, will have a value-add strategy and focus on the sale of housing and offices assets; Coima Evergreen aims to create a portfolio of commercial carbon neutral assets; Coima PRS Platform is going to build a platform for investing in rented assets.
BentallGreenOak, a global real estate investor with 80 billion worth of assets under management, and Gruppo Casillo, an Italian food company, signed a partnership for developing a project in Milan (see here a previous post by BeBeez). The partners aim to convert a building of offices into a residential project that will be bought by a fund managed by Castello sgr, a real estate investor that Giampiero Schiavo heads and of which Oaktree owns 82%. BGO retained Chiomenti as legal advisor. Casillo hired Ettore Maria Negro & Associati.
HISI a veichle through which Ardian Infrastructures invests on behalf of Dutch pension fund APG and other firms, received a HoldCo non-recourse financing facility of 88 million euros (see here a previous post by BeBeez). Crédit Agricole Corporate and Investment Bank, Société Générale and BPER Banca provided the resources that Hisi will invest in refinancing the liabilities of the hospitals of Legnano and Verduno and acquiring 50% of the latter.
B&B Hotels Italia, a subsidiary of French investor B&B Hotels Group (a company of Goldman Sachs since July 2019), said it will launch a real estate development in Venice (see here a previous post by BeBeez). The group aims to complete B&B Hotel Venezia al Tronchetto by summer 2024. Blue sgr (fka Sator Immobiliare, a real estate and credit investor that Paolo Rella and chairman Carlo Puri Negri acquired in 2020) will finance the development while Batipart Immo Europe paid 35 million euros for the 13,000 sq meters land where the developers will build the hotel and a further 35 million for creating a building with a LEED certification.
Pini Group, a Swiss engineering company, and HELM – High-End Labs for the Metaverses carried on the project of Helmallery, a building based in the metaverse (see here a previous post by BeBeez). The companies are now partners of DAO, part of DecentraLand, a digital company that allows users to purchase NFTs for virtual lands through the Ethereum-based criptocurrency MANA. Hellmallery will host the NFTs of art pieces of renown artists.
Ed Investments, Mugen Capital, Betacom, and Notarify founded Edwardo, a platform for blockchain-based real estate club deals (see here a previous post by BeBeez). Betacom is an IT consultant, Mugen is a London-based investor in digital companies. The investments will have 6-months a median ROI of 35%. Investors can also pay with Bitcoins and other cryptocurrencies.
Arrow Global Group appointed Donato Piscuoglio as head of real estate Italy (see here a previous post by BeBeez). The manager will work for the subsidiary Europa Investimenti and act as advisor to the fund ACO1.
Real estate developer Bluestone started to sell the units of Milan-based East Town whose 24 months-long construction will start in 2023 (See here a previous post by BeBeez). Patron Capital, Freo Group and Bluestone signed a partnership for developing real estate projects in Milan and invest 250 million euros.
Euregio Plus sgr (fka PensPlan Invest sgr), a firm that belongs to Province Autonome di Bolzano e Trento and Pensplan Centrum, launched a real estate fund named Fondo FIA Euregio+ Turismo for developing tourism assets in Trentino-Alto Adige/Südtirol (See here a previous post by BeBeez). The fund aims to raise up to 120 million euros and already attracted 43 million from Casse Rurali Trentine, Cassa Centrale Banca, Raiffeisen Landesbank, ITAS, Pensplan Centrum, and Provincia Autonoma di Bolzano.
