Fondo Dante, a vehicle that Kryalos launched in 2018 and that Partners Group subscribed, sold Padua-based shopping mall Airone di Monselice and retained Legance, Ashurst and Fivelex as advisors, while Allen&Overy assisted the credistors (see here a previous post by BeBeez). The gross leasable area of the asset is of 9500 sqms . Blackstone owns 35% of Kryalos and its portfolio of real estate assets is worth 12.2 billion euros.
Prelios, the manager of Fondo Estia Social Housing, and Piacenza Municipality signed an agreement for the regenaration of Manifattura Tabacchi, a 58000 sqms area in the town (see here a previous post by BeBeez). The agreement is part of Programma Nazionale della Qualità dell’Abitare (PINQuA), a financing facility of 11 million euros of NPRR. Cassa Depositi e Prestiti is one of the investors in Fondo Estia Social Housing that will develop 260 accommodations (part of these for social housing) for this project and retained Studio legale Gattamelata Associati and DWF as legal advisors. Milan architects firm Onsitestudio is in charge of the project. Piacenza Municipality will also invest in Fondo Estia.
Several Italian family offices (FOs) are reviewing their asset allocation while still keeping their interests in private capital investments, said PwC-Mondo Institutional Family Office Survey 2023 (see here the report and the 2021 report) (see here a previous post by BeBeez). From December 2022 to June 2023, the FOs allocated 8% of their resources in REITS vehicles and indirect real estate funds, a 1% increase from December 2022 to June 2023. Nicola Anzivino is a PwC partner for deals and FOs.
