Sources said to BeBeez that Hines and Cale Street (Kuwait Investment Office) carried on a 600 million euros worth investment for the development of Unione Zero, a 250000 sqms urban development for Milan area that will complete in 2027 (see here a previous post by BeBeez). Coima-Redo also invested in Unione Zero. Mario Abbadessa, senior managing director, is the Country Head at Hines Italy. Prelios will handle the social housing for Unione Zero.
Sources said to BeBeez that Naxos Real Estate, the owner of Taormina-based trophy asset Villa Mon Repos (a boutique hotel worth in the region of 6 million Euros), signed for a definitive receivership ahead of liquidation (see here a previous post by BeBeez). CapitaLink Corporate Finance and DLA Piper assisted Naxos for which Manfredi Ferrara is acting as liquidation administrator (see here the advisor press release, the Creditors Portal, The Court Statement and Naxos’ Chamber of Commerce Data available for the subscribers to BeBeez News Premium and BeBeez Private Data). The firm’s debt amounts to 12 million (10 million financial debt). Emanuele Mattei, the insolvency administrator, will auction Villa Mon Repos for at least 5 million for raising the resources to pay at least 5% of Naxos unsecured debts, 8% of dues to the Italian Inland Revenue and 7% of further liabilities. The company failed to reach a settlement with the Italian Inland Revenue while it previously reached a no longer valid agreement with First Capital, an unlisted Italian investor, for selling Villa Mon Repos.
Megas, a vehicle of Prelios, completed the requalification of Casa Tosi (fka Casa Baratti), a historical building in Via Senato 28, Milan (see here a previous post by BeBeez). Italian pension fund Fondazione Enasarco is one of the investor in Megas. The 2.500 sqms GLA has the LEED Gold and WELL certifications and already attracted two tenants. .Nicola Sajeva is the Director Asset & Development Management of Prelios
Euregio+ Turismo, a vehicle of Euregio Plus (fka PensPlan Invest) invested in Gerstl sul Lago di Resia, a real estate company that belongs to the Gerstl-Decarli Family and that will carry on the green field development of the luxury hotel Das Gerstl Family Retreat in the North Eastern region of Trentino (see here a previous post by BeBeez). Sergio Lovecchio is the coo of Euregio+ Turismo which retained Scouting Capital Advisors while a pool of local banks will finance the construction of the hotel. Euregio+ Turismo has resources of 70 million euros and targets real estate assets, firms and projects for sustainable tourism in Trentino-Südtirol. The vehicle’s fundraising target is of 120 million and it already attracted the resources of Casse Rurali Trentine, Cassa Centrale Banca, Raiffeisen Landesbank, Gruppo ITAS, Pensplan Centrum, and Bolzano Province. Euregio Plus is a financial firm of Bolzano and Trento Province and of Pensplan Centrum.
