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Home COUNTRY ITALY

Italy’s real estate weekly roundup. News from Kryalos, Bicocca Milan University, Magno Living, Collier Global Investors Italy and more

Bebeezby Bebeez
November 22, 2022
Reading Time: 3 mins read
in ITALY, REAL ESTATE
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Kryalos sgr, a real estate investor with a portfolio of assets worth 11.3 billion euros, sold to Macquarie Asset Management a Milan-based building of 20.000 squared meters for 119 million  (see here a previous post by BeBeez). Paolo Bottelli created Kryalos and Blackstone invested in the firm. The vendors retained CBRE and Cushman & Wakefield as advisors.  

Cassa Depositi e Prestiti (CDP) provided Bicocca Milan University with four financing items of 42.2 million euros for refurbishing the borrower’s real estate units (see here a previous post by BeBeez). The first facility amounts to 31.4 million split in two credit lines for the improvement of the campus. The other two 10.8 million items will allow Milan University in refurbishing the students houses Demostene, I Sirenei and Casa Marmont – Modena. The fixed rate financing lines have tenures of 20 and 30 years.

 Magno Living, a joint venture that Harrison Street and Italy’s DeA Capital launched for the Build-to-Rent (BTR) segment in Spain,  signed an agreement for acquiring 172 houses in Sevilla, Spain, from Metrovacesa (see here a previous post by BeBeez).  

Colliers Global Investors Italy sgr (fka Antirion) acquired the area that belonged to Milan’s industrial company Ercole Marelli (see here a previous post by BeBeez). Mario Cucinella Architects will project the development for the 97,000 squared meters area. Colliers acquired the area through Urban Living II, a vehicle that launched with Gruppo Varallo RE Group.  

UK Molo Hotel Group acquired Rome’s Hotel Alexandra, based in Via Veneto, as part of a lifestyle investment programme (see here a previous post by BeBeez). Law firm Nunziante Magrone and CBRE assisted the buyers. 

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