Goldman Sachs Asset Management sold to an undisclosed private investor a part of Milan’s San Babila Business Centre (SBBC) and retained Dils, Cbre, Gianni & Origoni, and Pavia e Ansaldo as advisor (see here a previous post by BeBeez). The transaction is worth 50 million euros, market rumours say. Daniele Mammani assisted the buyer. SBBC, a 9700 sqms building, has the LEED Gold and WELL Silver certifications.
Bay Fund, a vehicle that Kryalos manages and that Crossbay (part of Mark fka Meyer Bergman) subscribed, said it acquired a Milan-based logistic asset (see here a previous post by BeBeez). Bay Fund will carry on an ESG refurbishing that may end by 2Q24. Paolo Bottelli is the ceo of Kryalos.
Arsenale, a real estate asset manager that belongs to the Stevanato Family, said it raised 70 million US Dollars for Arsenale Real Estate United States II (Areus II) ahead of a final target of 200 million (see here a previous post by BeBeez). The fund aims to invest in the metropolitan areas of Los Angeles, Boston, San Francisco, and New York. The tenure for investments will be of 3-4 years. California’s Montana Avenue Capital Partners acts as Arsenale’s local partner.
Ardian and Prelios announced the sale of a 18000 sqms building based in Milanofiori Business Park that purchased in 2019 (see here a previous post by BeBeez). Inovalis acquired the asset while Savills and CBRE acted as sale advisors. Studio Legale Gattai, Minoli, Partners assisted the vendors. .
The 76000 sqms Fiera di Roma area and a Sirmione-based luxury residential complex are now part of Olympus Fund 1 and Olympus Fund 2, two vehicles that Finint Investments and ARECneprix (illimity Bank) manage (see here a previous post by BeBeez). The funds have have 1 billion resources each and attracted the money of Unicredit (52%) and illimity Bank (48%).
