Giuseppe Marotta, the ceo of Italian football club FC Inter, said that he doesn’t rule out to drop the negotiations with Milan Municipality for the 197 million euros worth acquisition of San Siro stadium and added that the asset does not meet the standards for international events (see here a previous post by BeBeez). Milan mayor Giuseppe Sala said that talks are facing difficulties and said that Ac Milan (RedBird Capital Partners) and FC Inter (Oaktree) may choose to build stadium out of the city. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors RedBird, Oaktree and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Leadcrest Capital Partners (LCP), an European fund for sale-leaseback and build-to-suit investments, paid 125 million euros for acquiring 11 Leroy Merlin malls based in the North of Italy (see here a previous post by BeBeez). Gianni & Origoni assisted BNP Paribas which financed the transaction that LCP carried on through a vehicle that Polis Fondi manages. Leroy Merlin hired Bird & Bird and leased back the assets. Georges Asmar is the portfolio manager of LCP which retained Curtis, Mallet-Prevost, Colt & Mosle, PedersoliGattai, Kpmg, Arcadis, and Jll. Michele Stella is the ceo of Polis.
Luxembourg’s Focus Estate Fund acquired 18800 sqms BariMax Shopping Village from London’s Pradera that received assistance from JLL (see here a previous post by BeBeez). Banco BPM financed the transaction. Euronics, Arcaplanet, Ovs, Happy casa, and other retailers are renting shops in the mall. Maxim Shkolnick is a General Partner of Focus Estate Fund which retained BDO, Gleeds and Legance. Stefania Emanuele is the joint head of Pradera Management Italia. Alberico Radice Fossati is JLL Italy country leader and head of capital markets.
Venice Hotel Bauer, an asset that Mohari Hospitality and Omnam Investment Group acquired in 2024 from troubled Austrian real estate investor Signa, attracted 280 million euros from an unisclosed pool of lenders for refinancing its debt and carrying on refurbishing works (see here a previous post by BeBeez). Bauer detailed the transaction in the additional notes to its 2024 financials available for the subscribers to BeBeez News Premium and BeBeez Private Data. In 2020, Signa acquired Hotel Bauer from Elliott.
