Gruppo Pulcini sold Grand Hotel Poltu Quatu (Costa Smeralda – Sardinia) for 70 million euros to Castello, a real estate investor that since 2023 belongs to Anima Holding (80%) and Oaktree Global Management (see here a previous post by BeBeez). Intesa Sanpaolo, UniCredit and Banco BPM financed the transaction and provided the resources for refurbishing the asset in accordance with ESG guidelines. Giampiero Schiavo is the ceo of Castello. Marriott International will manage the Hotel ahead of developing Villaggio Poltu Quatu through a partnership that Gruppo Pulcini signed with Castello that has assets under management worth 2.9 billion and 400 assets in Italy.
Artemide, a fund that Kryalos manages, sold a 61800 sqms area based in via Lorenteggio (South of Milan) for 24 million euros (see here a previous post by BeBeez). Zenith Global acquired the asset through Cobalto 4 spv that issued asset backed notes. An undisclosed institutional investor subscribed Class A notes of 18 million, Class B of 9.6 million and Class C for 5.6 million. CBRE assisted Kryalos.
Milan-listed real estate developer Borgosesia said it fetched 4 million euros out of the sale of two minorities of Le Caviere Elba Island Resort and Le Caviere Gest (see here a previous post by BeBeez) In June 2022, Borgosesia acquired the stakes for 2 million from Gruppo Frascari.
CDP Real Asset will help Coima, a firm that heads Manfredi Catella, for the development of Villaggio Olimpico dei Giochi di Milano-Cortina 2026 that will become a Students House after the Winter Olympic Games (see here a previous post by BeBeez). CDP Real Asset will acquire 36% of Fondo Villaggio Olimpico for 50 million. Coima started to look for an investor as the project’s costs exceeded by 40 million euros the plans. Giancarlo Scotti is the ceo of CDP Real assets.
Fondazione Salvatore Maugeri owns the whole B-Corp ICS-Istituti Clinici Scientifici Maugeri as it acquired back 33.66% of the asset from Trilantic Europe (Trilantic Capital Partners) that in 2016 paid 55 million euros for this stake (see here a previous post by BeBeez). ICS Maugeri received assistance from Studio AGFM and Foglia & Partners. Fondazione Salvatore Maugeri retained Vitale & Co. and Studio Giliberti Triscornia e Associati. Trilantic Europe received assistance from Emanuele Gamna while NCTM advised Namira. Sources said to BeBeez that the transaction is worth 180 million. Trilantic will swap its stake in ICS Maugeri with 84% of real estate fund Iaso, a vehicle that Namira manages. The sources added that Trilantic Europe is already sounding the interesto of potential buyers for its holding in Iaso.
