Luxembourg Constellation hotels holding, a firm of Qatar royal family Al Thani that the sheikh Hamad bin Jassim heads, signed a binding agreement for purchasing Villa Certosa, the iconic Sardinia’s house of Silvio Berlusconi, from Immobiliare Idra – Fininvest (see here a previous post by BeBeez). Market rumours say that Bin Jassim, who acted as Qatari Secretary of State and premier between Qatar 2007 and 2013, will pay 350 million euros, below the 500 million asking price, for the asset. Berlusconi acquired the villa in the late 80s and Gianni Gamondi carried on the modernization.
CBRE Investment Management acquired from Techbau and BGO a portfolio of eight class A, LEED Platinum or Gold Italian logistic assets for a total GLA of 327000 sqms (see here a previous post by BeBeez). Dils assisted CBRE IM. The properties are in the areas of Bologna, Rome, Milan, and Verona. Sandro Campora is CBRE IM Head of Transactions Italy, while Antonio Simontalero is a Portfolio Manager.
The Feltrinelli Family sold a relevant stake in iconic Rome’s Palazzo Esedra, an above 30000 sqms building that Gaetano Koch projected, to a pool of investors that includes Allianz and a club deal of 120 UHNWI that are clients of UniCredit (see here a previous post by BeBeez). PIMCO Prime Real Estate acted as strategic asset manager for the project. The vendor carried on the deal through a real estate securitization. A special purpose vehicle issued asset backed notes that Feltrinelli, Allianz and UniCredit’s clients subscribed. The bank also partially financed the buy. Press reports said that Palazzo Esedra is worth 200 million euros and Unicredit’s clients invested 100 million. Donato Saponara is PIMCO Prime Real Estate Head of South & West Europe, Co-Head of Investment Europe. Massimiliano Mastalia is UniCredit Head of Wealth & Large Corporates while Gennaro Del Sorbo acts as UHNWI Strategic Development.
Milan-listed Smart Capital paid 1.9 million euros for acquiring 43.66% of Midolini Group RE, a vehicle built with the Pittini-Midolini Families for the management of Italian integrated logistics company Midolini’s real estate assets (see here a previous post by BeBeez). The deal’s leverage is in the region of 65%. In 2022 SmartVSL, a club deal of Smart Capital and VSL Club, purchased 43.66% of Midolini. Smart Capital stated that any future divestment from Midolini Group RE could closely link to the future disposal of its stake in Midolini Group. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Smart Capital, VSL Club and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
