Giochi Preziosi, an Italian toys distributor that applied for receivership in May and October 2024, (see here the file of May and of October available for the subscribers to BeBeez News Premium and BeBeez Private Data) started to implement a business relaunch (see here a previous post by BeBeez). Previous press report that Giochi Preziosi was going to launch a 40-50 million euros capital increase that Invitalia – Salvaguardia Imprese, Dea Capital Alternative Funds, Sagitta, Europa Investimenti, and Enrico Preziosi would have subscribed to. Giochi Preziosi hired Coldwell Banker Commercial Italy (CBC Italy) for selling its real estate assets. The company also aims to review its retail strategy, carry on the integration of its Spanish subsidiary Famosa, strengthen the wholesale channel, and consolidating further its international expansion in core markets such as Italy, Spain, Greece, and Turkey and interesting countries like France, Germany, United Kingdom, USA, and Japan.
Kryalos, of which NYSE-listed Blackstone has 35%, will carry on the restyling of Milan’s 42000 sqms Bicocca Village and Bicocca Gate with the support of a 30 million euros loan from Intesa Sanpaolo and a 10 million facility from Forward Fund, a direct lending fund that Gardant Investor, part of doValue, manages (see here a previous post by BeBeez). Alberto Lupi is the Senior Managing Director Fund Management & Advisory of Kryalos.
Supernova and Modena Municipality opened CX Modena | Crocetta Campus & Hotel a 5300 sqms students house for 366 guests that CampusX will manage in the area that previously hosted Fonderie Corni (see here a previous post by BeBeez). The NZEB (Nearly Zero Energy Building) asset belongs to Pitagora, a student housing vehicle that Finint Investments manages and that attracted the resources of Fondo Nazionale dell’Abitare Sociale (FNAS) – CDP Real Asset. The Emilia Romagna agency for supporting students ER.GO, will allocate 30% of accommodations (79 units) to low-income students that will pay a 213 – 237 euros monthly rent. Furthermore, young resident workers will get access to housing facilities at subsidized prices. Francesca Maletti is Modena’s deputy mayor. Giulio Guerzoni is the city’s Councillor for Public Works. Manuela Manenti is the special commissioner for university accommodation. Ernesto Albanese is the chairman of CampusX. Filippo Catena is the head of Fondi Abitare Sociale – CDP Real Asset. Mauro Sbroggiò is the ceo of Finint Investments. Paolo Signoretti is a founding partner of Supernova.
Fondo Mi.To Real Estate, a vehicle that Green Arrow Capital and Crea.Re Advisory launched in 2024, acquired Turin’s historic building in Via della Consolata 1, close to Piazza Castello (see here a previous post by BeBeez). Such a deal will allow the buyer to generate an expected IRR of above 12% target. The 1500 sqms building’s refurbishing will last 12 months. Suprimm, a company of Walter Accastello, will sell the 14 flats. Alessandro Di Michele is the general manager of Green Arrow Capital. Pierpaolo Fraudatario is the ceo and co-founder of Crea.Re Advisory. Fondo Mi.To invests in Milan and Turin.
