Porta Nuova Bonnet, a vehicle of Coima (a firm that Manfredi Catella founded), attracted from Banco BPM (agente), Bayerische Landesbank, Crédit Agricole, and ING Bank a green financing facility of 137 million euros for Milan’s housing complex Corso Como Place (see here a previous post by BeBeez). In late 2016, Coima invested 140 million for the complex that is in Porta Nuova District, an asset that belongs to Qatar Investment Authorithy through three funds that Coima manages.
Coima ESG City Impact Fund (CECIF) paid 30.5 million euros for acquiring from Milan Municipality two buldings in Largo De Benedetti 1 and a housing complex in via Messina 53 (see here a previous post by BeBeez). In July 2022, CECIF raised 521 million from cornerstone investor Cassa Forense, Cassa Nazionale Dottori Commercialisti, Fondazione Enpam, Inarcassa, and other institutional players. CECIF aims to raise one billion.
InvestiRE‘s iGeneration, a vehicle for the development of students houses, said it will invest 40 million euros for creating 500 sleeping places in Naples (see here a previous post by BeBeez). InvestiRe is part of Banca Finnat and aims to create students accommodations for 1,800 persons in Italy through investments of 130 million. The vehicle attracted the resources of Fondo Nazionale dell’Abitare Sociale (CDP Real Assets), Intesa SanPaolo, Fondazione con il Sud, Fondazione Cariplo, Fondazione CrForlì, Inarcassa, Enpav, Futura Funds sicav – Alpha Plus, and other institutional investors.
Fondo Monviso, a vehicle of InvestiRE (part of Banca Finnat), sold Milan’s iconic building Piazza Pattari 2 (Duomo area) to Tel Aviv Investimenti, a company that belongs to Ustaev Alexey (the founder and chairman of Russian born Viking Bank, but now resident in Israel) and that ceo Mariano Bedoni heads (see here a previous post by BeBeez). See here the company registration report of Tel Aviv Investimenti available for the subscribers to BeBeez News Premium and BeBeez Private Data. CBRE and Studio Legale Cappelli RCCD acted as sale advisor. Tel Aviv Investimenti appointed Frimm Academy Milano and Studio Legale Kodalex. The asset is of 5800 sqms and 8 floors. Gruppo Starhotels and Duomo Luxury Apartments by Rosa Grand signed a lease contract in the building.
Coop Alleanza 3.0 sold for 50 million euros a portfolio of core assets through Real Estate SPV Project 2023, a vehicle that carried on a real estate securitization (see here a previous post by BeBeez). The SPV issued four classes of asset backed notes (VAT, senior, mezzanine, and junior). Banca Ifis acquired the senior and part of the mezzanine notes; Coop Alleanza 3.0 purchased the VAT, mezzanine and part of the junior items. Frontis Npl purchased the junior items. DeA Capital Real Estate will act as advisor to the SPV for the management of assets while Zenith Service (part of Arrow Global) will act as master servicer, corporate servicer, asset manager and advisor for the notes holders. The assets have an occupancy rate of 96%.
