Brixia Art, a firm of the Zani Family, sold to Bridge Towers University (BTU) the 55000 sqms A4 and B1 towers in Naples business centre for 17.5 million euros while refurbishing will cost in the region of 30 million (see here a previous post by BeBeez). BCP/Banca Popolare di Torre del Greco financed the transaction. Giuseppe Di Cintio is the ceo of BTU, a special purpose vehicle of AGC Immobiliare, part of CNS Tech, and M&V Investment. Nicola Pagliara carried on the towers project between 1985 and 1990. The buyer will create a students’ house in the 15-floors A4 tower. Pino Caruso and Alessandro Iuzzolino are the chairman and South of Italy’s manager of IPI Agency which acted as advisor with Daimon RE, a firm that Omar Rossi heads.
REcrea, a Gabetti Lab subsidiary for the redevelopment and enhancement of real estate assets, attracted a 24-months revolving credit facility of 10 million euros from Banco BPM (see here a previous post by BeBeez). The company will invest such proceeds in the acquisition of 11 apartment buildings with low energy efficiency. Alessandro De Biasio is the ceo of Gabetti Lab. Alessandro Simonelli is BPM’s head of Large Corporates unit.
Milan-listed food distributor High Quality Food (HQF), a company of which Simone Cozzi and Adriana Panico have 29.64% each, will issue a 10-years 5 million euros convertible bond paying an annual rate of 0.5% that Proposta Terza, a firm that belongs to Andrea Benetton and that acquired Italian dairy company Cirio Agricola in 2005 through a bankruptcy auction, will subscribe while receiving legal advice from LCA (see here a previous post by BeBeez) HQF retained Maviglia & Partners and Studio Carpineti – Cusmai and will carry on the issuance with a first 3 million tranche by 21 November, Friday and the remaining amount by 30 December 2026. The company will invest such proceeds in the acquisition of real estate assets and its organic growth. HQF committed to reimburse the bond from the sixth year after the issuance while Proposta Terza shall have the right to convert the amount of each redemption payment in the borrowers shares of new issuance at a 2,09 price. HQF also belongs to Mediolanum Gestione Fondi (5.95%), Algebris Investments (5.91%) and Francesco Paltoni (4.07%).
Milan-listed real estate developer and NPEs investor Borgosesia received from Banca d’Italia the authorization for acquiring OneOsix, an Italian credit servicer, for 5.5 million euros (see here a previous post by BeBeez). The buyer will pay a first 2.5 million tranche at the closing and the remaining 3 million with a charge of 3M Euribor plus a 0.5% spread. Davide Ferrari, a director of Borgosesia, is the ceo of OneOSix which previously belonged to Istituto Atesino di Sviluppo (49.86%), the Zanoni Family (15%), Mediocredito Trentino Alto Adige (9.59%), F.lli Poli (9.5%), Immobiliare Adige (7.14%), Net Insurance (5%), and other minority shareholders. Manuela Zanoni and Giorgio Franceschi are directors of the buyer and the target.
Lario Hotels B-Corp – Vista, a company of the ceo Luigi Passera and his family, acquired from Gennaro Gattuso, the manager of the Italy’s international football team, a 25% of a building in Pisa’s iconic Piazza dei Miracoli for developing a five stars hotel (see here a previous post by BeBeez). The vendor sold his stake in Sagabri, a vehicle whose majority belongs to the Madonna Family, which purchased the asset in 2019 for 8 million euros from Azienda Ospedaliero Universitaria Pisana. Studio Rock and Tr-Lex assisted Vista while Vincenzo Pinto advised the Madonna Family. EY Parthenon carried on the operator selection. Roberto Murgia (RMA) architects firm will handle the 5800 sqms refurbishing.
