WaltherPark, a vehicle of Germany’s Schoeller that owns of the eponymous project for the North Eastern Italian city of Bolzano whose development will end in 2025, appointed B-Corp Svicom as asset & property manager (see here a previous post by BeBeez). WaltherPark’s investment is worth more than 600 million euros and has an extension in the region of 128000 sqms. David Chipperfield designed the project. Heinz Peter Hager is the chairman of WaltherPark and acts as country manager for Austrian bankrupted Signa which sold the project to Schoeller. Fabio Porreca, Corrado Di Paolo, Letizia Cantini head Svicom which has sales of above 16.5 million with an ebitda of 1.65 million.
Foruminvest sold Hotel Tribe Milan Malpensa, close to the eponymous airport, to French Corum Asset Management which manages assets worth 8 billion euros (see here a previous post by BeBeez). Amapa Group, a partner of French leisure group Accor, is renting the asset. Grimaldi Alliance assisted Foruminvest while Corum retained Dla Piper. Mélanie Ballu is the investment director of Corum. Ezio Romani is the ceo of Amapa while Marco Mutti heads Foruminvest.
Phinance Partners, an Italian private debt player that Enrico Cantarelli founded, and Swiss Banca Credinvest launched a securitization programme through Absolute RE spv, a vehicle for real estate special situations (see here a previous post by BeBeez). Absolute RE will issue asset-backed notes worth up to 50 million euros that have real estate assets as underlaying. Phinance will act as junior co-investor while Banca Credinvest will buy the senior and junior notes. Absolute will buy assets or the debts for which they act as collatelars. Phinance retained DLA Piper. Centotrenta Servicing acted as master servicer. Absolute alread paid 3.76 million for acquiring the Microleghe area in the North Eastern city of Rovereto out of a bankruptcy procedure.
Invesco Real Estate apointed DILS for managing the Build to Rent (BTR) assets of SeiMilano while Yard Reaas will act as co-property and building management (see here a previous post by BeBeez). SeiMilano is an above 300000 sqms urban regeneration project in Milan’s Bisceglie area that MCA – Mario Cucinella Architects designed. Borio Mangiarotti, a company of which Värde Partners has 20%, will act as developer and general contractor.
