Boreal Industrial REIF Italy, a vehicle that Kryalos manages, attracted a green financing facility of 83 million euros from BNP Paribas (see here a previous post by BeBeez). Gianni & Origoni assisted BNP Paribas, while Cadillac Fairview, Boreal and Kryalos retained Linklaters, JLL and PwC. Boreal’s subscribers are Boreal IM and a jv Cadillac Fairview/Ontario Teachers’ Pension Plan. Kryalos set Boreal Industrial REIF Italy for acquiring assets of 198000 sqms based in Milan area 198 mila from Blackstone for 160 million euros.
GO Italia, a vehicle of DeA Capital Real Estate that BentallGreenOak subscribed, acquired a logistic asset based in Fara in Sabina (50 kms distant from Rome) from Italian developer Techbau (see here a previous post by BeBeez). The fund also signed a lease contract with an undisclosed tennant. The asset may receive a LEED GOLD certification.
R.Power Group reached an agreement for selling a portfolio of none projects for photovoltaic plants based in Sicily and Umbria with a total power of 26.5 MW to London’s Nexta Capital Partners (NCP), a developer of renewable energy assets (see here a previous post by BeBeez). Sources said to BeBeez that the closing may take place by June 2024. Michele Mettola, the co-founder and ceo of NCP, said that the firm aims to have plants for a total power of 1.5 GW by 2025.
