The Italian Ministry for Made in Italy Adolfo Urso and the Italian Government authorised the operations of EdgeConneX Campus Italia, a vehicle of EdgeConneX MCN Italy, the Italian subsidiary of US EdgeConneX, a global data center operator that belongs of EQT Infrastructure (see here a previous post by BeBeez). EdgeConneX will invest up to 3 billion euros for completing by 2031 the construction of three Lombardy based data center sites with a power of 300 MW and indirect investments of further 5 billion.
The Italian subsidiary of German Garbe Industrial Real Estate opened 22000 sqms MilEast Logistics Park in Covo (Bergamo area) which is part of a process of urban and environmental regeneration (see here a previous post by BeBeez). The asset stands on the former industrial site of Alimonti, a bankrupted marble processing company whose production plant fell in disrepair due to the high levels of asbestos in the structures as well as toxic substances in the storage areas. In 2023, Garbe, SFO Capital Partners (Saradar Family) and Edmond de Rothschild Real Estate Investment Management acquired the asset from Officine Mak, part of Consonni, through Eterea, a vehicle that Prelios manages and Nicola Sajeva heads. DLA Piper assisted the buyers who carried on a land reclamation process of two years that allowed to achieve a LEED Platinum certification. Sources said to BeBeez that Unicredit financed the investors that allocated 20 million euros. Marco Grassidonio is Garbe’s Italian country head. Mohamad Abouchalbak is the ceo of SFO Capital Partners. Pierre Jacquot is the co-ceo of Edmond de Rothschild REIM.
Fondo Piani Urbani Integrati (Fondo PUI), a vehicle that the European Investment Bank manages with Banca Finint and Sinloc provided Investire with a 10 million euros facility for redeveloping Villa Monna Tessa, a Florence, hospital in a students house (see here a previous post by BeBeez). The investment for the asset in Viale Pieraccini that belongs to Azienda Ospedaliero-Universitaria Careggi and Florence University is worth above 40 million. The EIB’s PUI fund supports urban regeneration projects through the resources of the National Plan for Resilience and Recovery with the help of Equiter – Intesa SanPaolo (which manages resources of 163.2 million), Banca Finint, Finint Investments, and Sinloc (108.8 million).
Starhotels, a firm of Elisabetta Fabri, acquired luxury Hotel Villa Blu in Capri (see here a previous post by BeBeez). Advant Nctm assisted the Spinelli Family which previously managed through Gruppo HS the asset that acquired in 2020 from Spain’s Melià. Starhotels retained LCA while Coldwell Banker Commercial Italy acted as exclusive sale advisor.
German private debt investor BF.capital, a firm that serial entrepreneur Francesco Fedele founded in 2017, aims to fetch 160 – 170 million euros for its Italian operations (see here a previous post by BeBeez). “We aim to open a bureau in Rome or Milan ahead of an expansion in France and Benelux”, Eugenio Sangermano, the ceo of BF.capital, said to BeBeez on 8 May, Friday, after a BF.capital presentation at the Four Season Hotel in Milan that AIFO (Italian Association of Family Offices) organised. The event attracted the keen interest of associates as real estate credit is a pivotal asset class for family offices, AIFO chairwoman Patrizia Misciattelli said to BeBeez.
