Orion Capital Managers and CDS Holding sold Genova Retail, the owner of Genoa’s shopping mall Waterfront di Levante, to Genova Sviluppo, a vehicle of Ceetrus Italy, part of French AFM (Association Familiale Mulliez), and Runca, a firm of Carlo Salvini (see here a previous post by BeBeez). McDermott Will & Schulte advised Intesa Sanpaolo, Banca Nazionale del Lavoro and Banco BPM which financed the transaction. The buyers retained Giovannelli e Associati. Dentons and Chiomenti assisted the vendors. Renzo Piano designed 350 million euros worth Waterfront.
Zanklon capital said it started the execution of the 2026 – 2029 development of three Messina, Sicily, PBSA (Purpose-Built Student Accommodation) for accommodating a total of 1835 persons (see here a previous post by BeBeez). Yugo will manage the students houses. The Nrrp fund (National Recovery and Resilience Plan) will support the project with 37 million euros. Natale Giostra is the ceo of Zanklon Capital which retained Estudio Monochrome as designer. Only 30% of accommodations will be available to low income or good-grades students at subsidized rents while 70% of tenants will pay 650 euros per month.
Gruppo ImmobiliarEuropea attracted a 20 million euros financing facility of the European Investment Bank (EIB) for the development of Messina’s (Sicily) shopping mall Zafferia (see here a previous post by BeBeez). Equiter, Intesa Sanpaolo, Finint, and Sinloc handle the resources of the EIB for the requalification of urban areas. Mauro Sbroggiò is the ceo of Finint. Antonio Rigon is the ceo of Sinloc.
