AXA IM Alts, an alternative investments unit of French AXA, concluded the regeneration project for Milan’s Monte Rosa 91, an iconic above 80000 sqms building that Renzo Piano Building Workshop delivered in 2003 (see here a previous post by BeBeez). AXA retained CBRE and C&W as advisors. Ceas carried on the preliminary, definitive and executive structural project’s stages. The building will host 12 firms and rented 60% of the available units. Sources said to BeBeez that BS24, Haleon, REVO, Bluvacanze, and Regus already signed a lease agreement.
German real estate player ECE, a firm of the Otto Family who also owns 25% of Ruby Hotels, invested 60 million euros for acquiring a Rome-based building (see here a previous post by BeBeez). The buyers acquired the asset from iAM Capital Group which purchased the building from Coima in 2021 as part of a 30 million worth portfolio. Lukas Nemela, a spokesperson for ECE, said to BeBeez that the company will complete the development and lease it to Ruby Hotels after having sold the property to institutional investors.
Kryalos sold a 14000 sqms Florence-based building to a club deal of private investors for 31 million euros (see here a previous post by BeBeez). At the end of 2014, Poligrafici Real Estate, part of Italian publisher Poligrafici Editoriale, sold the building to Pacific 1, a fund that Blackstone subscribed and that BNP Paribas Real Estate Investment Management was managing. Kryalos is managing Pacific 1 since 2020. Sources said to BeBeez that Kryalos appointed as advisors Chiomenti and EY. The buyers retained Paratore Vannini & Partners and Elaia 1986 Società Benefit. Italian publisher La Nazione is renting part of the building. Paolo Bottelli is the ceo of Kryalos.
A club deal that UTurn Investments, a family office with aum worth 350 million euros, acquired 48.5% of Kleos Hotel Group (see here a previous post by BeBeez). The Giuriati, Camuffo, Pittarello, Lazzarini, and Sabattini Families joined the club deal and received assistance from Studio Baracco Fornasiero. The investors aim to create high-end hotels and resorts in Venice, Cortina and Verona. Gianpiero Peron is one of the founders of UTurn Investments while Andrea Andreani is the chief operation officer of Kleos Hotel Group.
