DWS Group and OMERS Infrastructure acquired a controlling stake of Grandi Stazioni Retail (GSR), a group that manages advertising and rental contracts for 14 of Italy’s most important railway stations, from Antin Infrastructure (65.32%), Icamap (23.12%) and Borletti Group (11.56%) based on an enterprise value of 1.2-1.3 billion euros (see here a previous post by BeBeez). Grandi Stazioni Retail manages approximately 190,000 sqms of space and over 1,800 advertising installations. In 2016, Antin-Icamap-Borletti acquired a controlling stake of GSR from Ferrovie dello Stato and Eurostazioni (part of Edizione, a holding company of the Benetton family), Vianini lavori, Pirelli and Sncf for 953 million (15.6 – 16.9 X ebitda of 74.5 million). DWS and OMERS beaten the competing bids of Macquarie, Altarea, EQT, ADIA, Mubadala, QIA and Predica (Crédit Agricole Assurance) for the asset.
Coima launched the Coima Olympic Village vehicle for the development and management of the Olympic Village for the Milan-Cortina 2026 Games, which will later become Italy’s largest affiliated student hall (see here a previous post by BeBeez). The project includes total investments of about 200 million euros for the acquisition and completion of works
D-Marin, a Greek provider of premium marina services that belongs to CVC Capital Partners, announced the acquisition of Porto Mirabello, a tourist dock for superyachts in the Gulf of La Spezia (see here a previous post by BeBeez). Alessandro Menozzi (51 %) and Fondo Sviluppo del Territorio – DeA Capital Real Estate (49 %) sold Porto Mirabello.
Richmond, a fund that Blackstone subscribed and that Kryalos manages, sold to a private investor a 3,000 sqm property in Milan’s Via Principe Amedeo 3 that the law firm Carnelutti is leasing (see here a previous post by BeBeez).
Castello, a real estate investor that Anima Holding (80%) and Oaktree Capital Management (20%) own, announced the acquisition of Halldis from Leonardo Ferragamo (see here a previous post by BeBeez). Halldis is engaged in the professional management of residential properties for rental. Castello paid cash of 2.6 million euros while Halldis also acquired 21% of Vita for which the parties signed put and call options that could exercise after the end of a five-year lock-up period and whose value will flow from the ebitda of the 12 months prior to the execution of these contracts. CompassRock Real Estate acquired 2.95% of Vita and received an appointment as the industrial partner for the new business.
Go Italia, a fund in which BentallGreenOak invested and which DeA Capital Real Estate manages, received a 240 million euros green loan from ING Italia to finance a portfolio of logistics properties of more than 400,000 square meters (see here a previous post by BeBeez). A&O Shearman advised ING Italia. Giovannelli and Associates and EY SLT assisted DeA Capital Real Estate.
Figura 11, a real estate investment firm that belongs to Cordifin, attracted a 10 million euros financing facility from Solution Bank for which SACE provided its Green Warranty (see here a previous post by BeBeez). The company will invest such resources in the development of a 43000 sqms logistic plant in the South-East of Milan. Chairmand Angelo Cordioli and ceo Marco Vittorio Perego head Figura 11 which received assistance from Casa & Associati and Integracy.
MW Rome, an even joint venture of Israel’s White City Group and Fattal Hotel Group, received loan facility for refinancing the purchase and renovation of a property to convert into a luxury apart-hotel in the heart of Rome’s historic center (see here a previous post by BeBeez). Grimaldi Alliance and Studio Signori assisted MW Rome. Molinari Agostinelli advised the financing bank.
