Risanamento sold the Milan’s Via Grosio 9 building to Italian car dealer Autotorino for 26.1 million euros (plus VAT) (see here a previous post by BeBeez). Risanamento acquired the asset in 2006.
Sources said to BeBeez that Allianz and Pimco sold part of a two floors asset trophy asset of 1400 sqms in Milan’s Piazza San Babila to a family office (see here a previous post by BeBeez). Luigi Mattion carried on the building’s project in 1954. Fabio Pompignoli is the head of private wealth Italy of JLL which acted as advisor.
Iniziative Group, an Italian marketing and events firm, acquired Valorizzazioni Culturali, a real estate player that owns the Art Events brand, from Filippo Perissinotto (98%) and Cultural Real Estate Studio (2%) (see here a previous post by BeBeez). The target’s founders will reinvest for a minority of the buyer that retained Gianni&Origoni. Valorizzazioni Culturali has sales of 7.6 million euros, an ebitda of 1.1 million and net cash of 2.14 million and received assistance from Studio Zambelli Tassetto. The company manages luxury properties and also operates in the events business. Andrea Pizzolon and Francesco Schiavinato are the owners of Iniziative Group which has revenues of 4 million, an ebitda in the region of 0.31 million and net debts of 0.99 million.
