Praemia REIM Italy acquired for an undisclosed amount a trophy asset in Milan’s Fashion Quadrilateral (Via Bagutta 20) from Gruppo Artisa that previously paid Torre 35.5 millione euros for acquiring the 3600 sqms building (see here a previous post by BeBeez). The Ultra High Net Worth team of Unicredit‘s Wealth & Large Corporate financed the deal. Gruppo Artisa retained Colliers Italia and Studio Gatti Pavesi Bianchi Ludovici. Praemia REIM Italy received assistance from Prelios Integra and Studio degli Avvocati Malcovati Orombelli Magistretti while Legance advised UniCredit. Studio Asti Architetti will help the buyers for the LEED certification.
Zenith Global, a credit servicer of UK’s Arrow Global, carried on a securitization for 4000 sqms real estate asset development project in Santa Margherita Ligure (see here a previous post by BeBeez). The investors will convert the previous retirement house into a luxury residential asset with the support of a 30 million euros financing facility from family offices and institutional investors. Due acted as asset manager while Cappelli Riolo Calderaro Crisostomo Del Din & Partners provided legal advice.
Bayview Italia ha venduto un immobile cielo-terra a Roma in Via San Martino della Battaglia 44, in prossimità della stazione Termini. Nell’operazione è stato assistito da JLL e Cushman & Wakefield (si veda qui il comunicato stampa). L’immobile era stato acquisito nel 2021 da Sansa spv, veicolo di cartolarizzazione strutturato da Bayview Italia per conto del fondo Bayview Global Opportunities Fund S.C.S. SICAV RAIF (si veda qui l’avviso in Gazzetta Ufficiale). L’immobile era stato acquisito allora per 11,45 milioni di euro ed era stato cartolarizzazione insieme ad altri tre immobili, di cui un altro in via Manzoni 30 a Roma, acquisito per 4,85 milioni, e gli altri due a Verona (1,5 milioni) e Cremona (3,3 milioni) (see here the 2021 financials of Sansa available for the subscribers to BeBeez News Premium and BeBeez Private Data). Anche l’immobile di via Manzoni è già stato rivenduto da Sansa spv, in un’operazione di fine 2023 di cui sono stati advisor sempre JLL e Cushman & Wakefield
MCo RE, a real estate investment firm that the ceo Juan Pablo Marino heads, purchased a stake in Home Solving, a provider of marketing services Carmen Calianno founded in 2022 (see here a previous post by BeBeez). Earlier in July, Home Solving raised 0.05 million on the ground of an enterprise value of 0.535 million through an equity crowdfunding campaign on WeAreStarting.
Kryalos set a 100 million euros fundraising target for Mathelt, a value-added fund for converting residential assets in student houses with which the firm will co-invest (see here a previous post by BeBeez). The vehicle already acquired for 80 million (40 million for purchasing the asset and 40 million for refurbishing and capex) a 18000 sqms asset in Bologna that the Italian Pensions Institute previously leased. The buyer received a green loan from UniCredit. Sources said to BeBeez that Adige Building (a firm of the Miorelli Family, Mariella Salzani and Federica Antonini) sold the building.
My Credit, an investor in NPEs, acquired the whole of Freccia Rossa, the former shopping mall based in Brixia, for 16.4 million euros (asking price of 29 million) (see here a previous post by BeBeez). My Credit retained Andersen and Onofri for this deal. On 28 June, Friday, the bankruptcy auction for the asset did not attract any bidder. My Credit acquired an adjacent building for 3.2 million. In 2008, Sonae Sierra and Coimpredil built Freccia Rossa. Later liabilities amounted to 80 million. In 2019, Sonae Sierra and Coimpredil sold Freccia Rossa Shopping Centre to Gruppo Resolute Asset Management. In 2023, Freccia Rossa Shopping Centre posted net debt of 49.2 million, revenues of 1.1 million, an ebitda of minus 2.3 million and equity of minus 43.4 million.
OVHCloud, a Paris-listed datacenter company, received assistance from CastaldiPartners, Lombardia Immobili d’Impresa and CBRE for acquiring a Pavia-based 45000 sqms asset (see here a previous post by BeBeez). In 2016, KKR and TowerBrook Capital Partners invested in OVHCloud and now each of them has 6.31% of the company that the ceo Michel Paulin heads and has sales of 897 million euros, an adjusted ebitda of 325 million and a 2X leverage.
Dils, Gianni & Origoni and Sts Deloitte advised the vendor of historical building in Milan’s Piazzale Biancamano 8 to a private investor (see here a previous post by BeBeez). Gruppo IWG – Regus signed the lease for the contract. Technion and Deerns Italia helped Biancamano 8 to receive a Very Good rating for BREEAM certification. Cbre is managing the asset.
Segro, an UK Real Estate Investment Trust (REIT) listed on London and Paris exchanges, appointed Luca Sorbara as Head of Italy (see here a previous post by BeBeez) . Giulio Della Torre resigned from his role as co-head of Segro.
