The members of the Benetton Family will split the 98 assets (58 in Italy) portfolio of Edizione Property, the real estat arm of Edizione Holding (see here a previous post by BeBeez). The portfolio is worth above 2 billion euros and includes luxury assets like Fondaco dei Tedeschi (Venice), assets in Paris, the stores of Benetton Group, and industrial buildings. Edizione Property will split in four newcos (Edizione Prima, Seconda, Terza, and Quarta), one per each branch of the family, with assets worth 850-900 million. Augusto Imperatore will join Edizione Prima of Luciano Benetton. Fondaco will belong to Edizione Seconda of Sabrina Benetton. Edizione Terza of Giuliana Benetton will have Paris assets. Edizione Quarta of Carlo Benetton will get Venice Ridotto (including Albergo Monaco and Gran Canal) and Florence Volta dei Mercanti.
Minerva, a fund that Kryalos and Blackstone launched in March 2022, acquired a 10,000 sqms logistic asset based in Bergamo (see here a previous post by BeBeez). Minerva invests in last-mile logistic assets, and Blackstone (35% owner of Kryalos since 2019) subscribed it. Paolo Bottelli is the founder and ceo of Kryalos.
Milano Cap Re, a Rome-based hotel company acquired 43 Station Hotel with the advisory support of Carmelo Piraino and Alessandro Andreucci (see here a previous post by BeBeez). Gianni & Origoni and Gianfranco Toscano assisted 43 Station Hotel which has sales of 2.3 million euros, an ebitda of 0.472 million and a net financial debt of 1.14 million. Sources said to BeBeez that Samuel Shuval and Kish Group, a real estate investment that Italian-Israeli siblings Musci, Raffaello, Davide, and Daniel Fellah founded in 2021, is involved with the deal. Kish has a turnover of 3 million, an ebitda of 0.69 million and a net financial debt of 8.4 million. Kish belongs to Nurith Fadlon (90%) and Davide Fellah (10%).
In January – May 2023, real estate investors closed in Italy 40 deals worth 1.8 billion euros, 19 of the transactions have an undisclosed value (see here a previous post by BeBeez). The database of BeBeez says that in January – May 2022, investors closed 64 deals worth above 4 billion (See here the deals in 2022 and 2023). In 2022 Investments amounted to 11.7 billion (10.4 billion in 2021) for CBRE and JLL. However, the deals value of 2022 amounted to 11.6 billion for C&W, to 11.9 billion for DILS, and to 11.3 billion for Kroll Real Estate Advisory Group.
