Reale Compagnia Italiana (RCI), a firm with aum of 1.1 billion euros that Blackstone delisted from Milan market in 2021, sold a 40 million worth trophy asset of 14000 sqms in Turin to a club deal that Crea.Re led (see here a previous post by BeBeez). Opal, a fund that Kryalos manages, sold the asset on behalf of RCI and retained PedersoliGattai and Pwc Tls avvocati. Crea.Re, a firm that Andrea Tessitori and Simone Pansa created, received assistance from K&L and Avalon.
Sources said to BeBeez that Principal Asset Management, part of Principal Financial Group (500 billion US Dollars of aum) acquired two assets in Tuscany through LOG IN, a fund for logistics assets that Theoreim manages, with the advisory support of Savills (see here a previous post by BeBeez). Corà Domenico & Figli sold one of the assets that is of 19600 sqms and based between Pisa and Florence. A tenant signed a 12-years lease. Principal sold two buildings of 9200 sqms. Victor Marin is the director – transactions of Principal Asset Management.
I-Tor, a vehicle of Ream in which also invested Yeldo gp and Finint Investments acquired Palazzo Pacioli from Primula Costruzioni (see here a previous post by BeBeez). The vendor will carry on the renovation works. Immogroup will act as commercial advisor while UniCredit financed the transaction and received assistance from Legance Avvocati Associati. Ream retained Ontier, Cisternino Desiderio & Partners and Dina Collepardi. Dwf advised Yeldo.
Sources said to BeBeez that Kervis Real Estate Fund II (KREF2), a vehicle of Kervis Asset Management, acquired a 3100 sqms buidling in Milan’s citylife district (Via Domenichino 5) from BFF Bank (see here a previous post by BeBeez). The buyer aims to renovate the asset and create 23 new housing units.
Prelios, the manager of the real estate funds Thesan and EOS, signed an agreement with Solarys IS for the development of 15 – 20 MW photovoltaic plants that the parties will build in 2025 over a surface of 165000 sqms (see here a previous post by BeBeez). Prelios received assistance from DLA Piper. Solarys has sales of 11.5 million euros, with an ebitda of 1.4 million and a net debt of 0.067 million.
