BNP Paribas REIM Italy sold Milan’s Torre Nuvolari for 25.65 million euros to French agrifood company Lactalis which will headquarter its Italian operations in the building (see here a previous post by BeBeez). BNP sold the asset on behalf of Milan-listed fund Immobiliare Dinamico and received assistance from Simmons & Simmons and Fivelex. Lactalis retained PwC TLS. The assist is of 15000 sqms and previously attracted a preliminary offer of Swiss Artisa Group of 30.2 million in August 2022. However, the previous bidder withdrawed and paid the fund 0.75 million as deposit.
Harrison Street and Italy’s DeA Capital acquired 430 build-to-rent units based in Madrid and Alicante through their joint venture LAVIDDA (see here a previous post by BeBeez). The firms purchased 146 units in Madrid’s San Sebastián de los Reyes area and 284 units in Alicante’s Benissaudet. All LAVIDDA’s projects provide all-inclusive luxury services. The company currently manages 1.634 homes ahead of a target of 3000 units by 2025.
Spar European Shopping Centers (SES), part of Austrian supermarkets chain Spar, acquire ICP, the owner of Italian shopping mall Il Grifone, from Marathon Asset Management (see here a previous post by BeBeez). The 20000 sqms asset is based in the North-Eastern Italian city of Vicenza. Interspar, Media World, H&M, Cisalfa, Pittarosso, McDonald’s, and other retailers signed lease contracts. Gattai Minoli Partners and Cerha Hempel assisted SES. Legance, Binder Grösswang and BNP Paribas Real Estate Advisory advised Marathon Asset Management. The lending bank that is exiting the investment retained Grimaldi Alliance. Milan’s public Notary Luigi Cecala sealed the transaction. Christoph Andexlinger is the ceo of SES Spar European Shopping Centers which now owns 31 locations with a gross leasable area (GLA) of above 850,000 sqms.
Aquileia Capital Services (ACS),a subsidiary of Bain Capital Credit, sold to New Cleaning Group a real estate asset of 8000 sqms based in Como area (see here a previous post by BeBeez). The acquiror belongs to the Mascetti Family and has sales of 14.5 million euros, an ebitda of 3.5 million and net cash of 1.8 million.
Homepal, scaleup proptech, a company that Andrea Lacalamita, Fabio Marra, Monica Regazzi founded in 2014, signed a strategic partnership with Intesa Sanpaolo and BPER Banca for creating a digital platform for the real estate operators (see here a previous post by BeBeez). Intesa Sanpaolo will swap its subsidiary Intesa Sanpaolo Casa for 49% of the new entity while BPER Banca will own 17% and Homepal 34%. Intesa Sanpaolo and BPER Banca will invest a total of 15 million euros for launching the project.
Obsidian Capital (fka Fenera & Partners), an alternative asset manager with resources of above 850 million euros, signed a strategic partnership with Asia Heritage Management a Singapore’s competitor (see here a previous post by BeBeez). Obsidian will also open a bureau in Singapore. The firms will carry on the activities of market intelligence, opportunities scouting, due diligence and investment monitoring. Asia Heritage is part of Verse Holdings, a private markets player that also owns Thrive Alternatives and Asense Technologies. Chris Lerner and Gianluca D’Angelo head the company. Giacomo Stratta is the ceo and founder of Obsidian Capital.
