Covivio, a Paris-listed real estate investor of which the Del Vecchio Family is the main shareholder, said it will sell assets for fetching 391 million euros (see here a previous post by BeBeez). The company already raised 83 million from the divestures of non-core hotels in Germany and Spain and of real estate vehicles that dismissed with AccorInvest. In 3Q24, Covivio generated a turnover of 509 million while it expects to achieve net profits of 460 million at the end of 2024
Kryalos, a financial services firm that Paolo Bottelli founded and of which Blackstone owns 35%, acquired two light-industrial real estate assets for a total of 35000 sqms in the areas of Milan and Bergamo (see here a previous post by BeBeez). A printing company already signed a lease agreement. Gianluca Vairani is the senior managing director transaction management and head of Esg of Kryalos.
AQ Compute, a portfolio company Bain Capital, of is going to build Milan-1 AI DC Campus, a sustainable data center for AI and hyperscale cloud computing (see here a previous post by BeBeez). Aquila Group sold 80% of AQ Compute to Bain Capital.
