Lendlease Italy launched Lendlease MSG Heartbeat for managing the development of Milano Santa Giulia, an area that belongs to Milan-listed Risanamento an that is of 1.1 million sqms and with total building rights amounting to 670000 sqms for an expected investment of 2.7 billion euros (see here a previous post by BeBeez). Graeme Parry is the ceo of Lendlease Italy
Kryalos paid 93.6 million euros for acquiring Piazza Affari 2, a building in Milan, from Cromwell European Reit (Cereit), a Singapore-listed investor that purchased the asset in 2017 for 81.7 million (see here a previous post by BeBeez). Milano Notai carried on the final act. Di Tanno Associati and Clifford Chance assisted Kryalos who launched a Core+ risk/yield fund for acquiring the asset. Greenberg Traurig Santa Maria assisted Cromwell Cereit. Piazza Affari 2 is a 7787 sqms business building with a BREEAM “Very Good” certificate. Clessidra Holding, Pillarstone, Vontobel Asset Management, CBRE, and other financial firms signed lease contracts for offices in the building. Simon Garing is the ceo of Cereit.
Covivio Pareceived 23 million euros from Coima‘s Coima Core Fund for the sale of Piazza Duca d’Aosta 8 a Milan-based building (see here a previous post by BeBeez). BPER Banca provided the fund with a 33 million financing facility and retained Osborne Clark and GTA as advisor. Simmons & Simmons, Alma Led and Savills assisted Coima. The 3000 sqm building has a Leed Gold certification and its lease agreement will end in 2041 with an option for extension to 2050.
Italian real estate developer RealStep received a 16 million euros multitranche financing facility from Intesa SanPaolo for the regeneration of Milan Certosa District with the partner Jamestown (see here a previous post by BeBeez). Intesa Sanpaolo appointed NCTM Advant while RealStep retained 5lex, Esperion, GOP, Giuseppe Tortato Architetti, JLL, and Studio Bossi (civil engineering firm). RealSteep will invest such proceeds in refinancing its current liabilities and the development of Certosa District.
