King Street Capital Management (KSCM) acquired iconic Venice Hotel Bauer from troubled Austrian real estate company Signa, a company with liabilities worth 8.6 billion euros (see here a previous post by BeBeez). However, JP Morgan reportedly said that Signa’s debt could be worth 13 billion. The company could sell further assets such as Kadewe (Berlin), Oberpollinger (Munich) and Villa Eden (Garda Lake).
Kervis acquired a commercial building based in Milan – Via Lario 16 (see here a previous post by BeBeez). Banco BPM financed the transaction with the advisory of DLA Piper and the refurbishing of the 5000 sqms asset. Engel & Völkers acted as advisor for the deal. Kervis retained Greenberg Traurig Santa Maria. Kervis raised 120 million euros ahead of a 150 million target.
FS Sistemi Urbani, part of Gruppo FS Italiane, sold for 489.5 million euros the disused Milan railway yards of Farini and San Cristoforo to Redeus Fund, a vehicle that Prelios manages (see here a previous post by BeBeez). Mediobanca advised FS Sistemi Urbani.
