Italian real estate company Immobiliare Percassi, a firm that belongs to the eponymous Family, is carrying on the restructuring and relaunch of its assets with the support of Arrow Global (see here a previous post by BeBeez). Sagitta, a subsidiary of Arrow, acquired 5.19% of Immobiliare Percassi. Sources said to BeBeez that Arrow Credit Opportunities (ACO) SPV acquired Percassi’s debts of 100 million euros. Sagitta provided Percassi with a direct lending facility of 11 million euros. Europa Investimenti and Zenith Service (two furhter subsidiaries of Arrow) acted as advisor to Sagitta and as Corporate servicer and Master servicer to ACO SPV. Studio legale Cappelli RCCD, Studio Debernardi e Associati, Professional Partners STP, and Avalon assisted the investors. Ezio Oliosi is the ceo of Immobiliare Percassi which retained PriceWaterhouseCoopers and Studio CMA Caffi Maroncelli e Associati. Daniele Patruno is the ceo of Europa Investimenti
German real estate investor Patrizia AG said it acquired Piacenza Business Park for 70 million euros from AKNO Group, an Italian real estate developer (see here a previous post by BeBeez). Patrizia AG retained DLA Piper and Yeardreas. The asset is of 80000 sqms. UCSA, Chrono Express and other companies signed lease contracts for 50% of the available spaces. Pierluigi Scialanga is the Italian head of investments for Patrizia AG. Christie Baird is the Fund Director of Patrizia.
Coima, a real estate investor that Manfredi Catella founded, launched Ivory for Milan-based former Isotta Fraschini automotive plant (see here a previous post by BeBeez). The fund retained archtects firm Piuarch for the requalification project for the 14000 sqms area. Ivory will apply for the LEED Gold, WELL Gold and WiredScore Gold certifications. Matteo Ravà is the head of fund and asset management of Coima. Gino Garbellini is a partner of Piuarch.
Logistis, a pan European real estate fund of AEW, a subsidiary of Natixis Investment Managers, carried on the development of a 38500 sqms logistic building in Bergamo area and rented it to Danish DSV Solutions (see here a previous post by BeBeez). Logistis acquired the asset in 2022 through a brownfield investment.
Borio Mangiarotti, an Italian real estate developer of which Värde Partners has 20% since 2019, signed a preliminary agreement for acquiring a 6000 sqms area based in Milan (see here a previous post by BeBeez). The company aims to develop 80 apartments and boxes with the support of Cornerstone. The investors retained Todarello & Partners as advisors. Edoardo De Albertis is the ceo of Borio Mangiarotti. Roberto Magnoni is the co-founder and managing director of Cornerstone.
Weerts Logistics Parks (Gruppo Weerts), a developer of 3PL (third-party logistics) assets in Belgium, The Netherlands, France, Germany, the UK, and Hungary, is interested in Italian investments (see here a previous post by BeBeez). Weers signed a partnership with SFRE Services for Real Estate, SFE (Services for Engineering), SFCM (Services for Construction Management), and SFS (Services for Sustainability). Weerts will complete between February and December 2024 the following three projects: Fidenza Logistics Park, Venice Logistics Park, and Modugno. Sources said to BeBeez that after these three projects, Weerts will start the development of a Milan logistic site. Filippo Salis, the ceo of SFRE, said to BeBeez that ESG, LEED and net carbon zero are the main drivers of the companies’ projects.
Fabrica Italiana sold to INPS, the welfare and pensions arm of the Italian Government, a Rome-based buliding for 15.4 million euros (see here a previous post by BeBeez). Fabrica Italiana acquired the asset in 2008 from Finint and paid it 19.2 million.
