London’s real estate investor Gruppo Valesco paid 200 million euros for acquiring the majority of Milan-listed fashion firm Moncler’s headquarter from Paris-listed Covivio (see here a previous post by BeBeez). Such a price includes a 5.5% net initial yield on the rental income, said Valesco which received assistance from Dils, Chiomenti, Marchetti Public Notary, PwC, A&O Shearman, and Arcadis. In October 2021, Milan-listed Moncler and Covivio said that they signed a 15-years lease agreement for the 38000 sqms in Symbiosis business district whose development will end in 2025. Antonio Citterio & Patricia Viel (ACPV) designed the asset. Shiraz Jiwa is the founder and ceo of Gruppo Valesco.
Domo Media acquired a building of 8300 sqms based in Via Fabio Filzi 25, Milan’s Porta Nuova Business District, from an undisclosed institutional investor (see here a previous post by BeBeez). DILS and Gatti Pavesi Bianchi Ludovici acted as sale advisor while Lawes Avvocati assisted Domo Media.
Arete, a vehicle that Kryalos launched in 2019 and that Blackstone subscribed, sold a multi-tenant 7000 sqms asset based in Via delle Lame 109/111, Bologna (see here a previous post by BeBeez). Vista Vision, Pirola Pennuto Zei & Associati and Fideuram Intesa Sanpaolo Private Banking are some of the firms that signed a lease in the building. Silvia Gandellini and Mario Previsdomini act as head of capital markets Italy and head of mid cap & regional markets Italy for CBRE, the transaction advisor.
CBRE Investment Management acquired Purpose-Built Student Accommodation (PBSA) CampusX Novate Milanese on behalf of an undisclosed buyer through an off-market deal (see here a previous post by BeBeez). Techbau carried on the the campus development which required a 70 million euros investment and aims to receive the Breeam Excellent certification. Sandro Campora is the country manager Italy of CBRE Im which also attracted a bilateral green financing facility of 27.2 million from ING Italia. The firm will invest such proceeds in the acquisition of an undisclosed PBSA with an A rating of energy efficiency (see here a previous post by BeBeez).
Blue (fka Sator Immobiliare) acquired the 10000 sqms ex Ariston area based in Andora, in the Northern Italian Region of Liguria (see here a previous post by BeBeez). Carlo Puri Negri (chairman), Paolo Rella (ceo) and Francesco Paolo Cuccorese (coo) head Blue which has assets under management for 2.2 billion euros. The buyers will renovate the area for creating a tourism and leisure structure.
Giovanni Carlo Licitra, the owner of Italian food company Lbg Sicilia Ingredients, acquired Resort Capofaro, a leisure structure based in Sicily that is part of the network Relais et Chateaux (see here a previous post by BeBeez). The buyer will buy also the 6.5 hectares vineyards, a spokesperson said to BeBeez.
