Paris-listed luxury group Kering sold 80% of Via Montenapoleone 8 building to Qatar’s Al-Mirqab Group for 1.161 billion euros on the ground of a total value of 1.451 billion and posted a capital gain of 11.63% capital gain, according to BeBeez data (see here a previous post by BeBeez). The vendor purchased the whole asset in 2024 from Blackstone for 1.3 billion. Al-Mirqab already pais 729 million while it will pour the remaining 432 million in five years.
Manova Partners and Callisto, a closed end fund that Kryalos manages, acquired two logistic 51 million euros worth LEED Gold assets in Campogalliano (Modena area) from GO Italia – DeA Capital Real Estate a vehicle in which BentallGreenOak invested (see here a previous post by BeBeez). Deutsche Pfandbriefbank provided a 28 million financing facility. Dils acted as broker. RYZE, Orrick and EY advised the buyers. Go Italia retained White&Case, Studio Ekoplan Architetture and EY. Paolo Bottelli heads Kryalos. Laetitia Treves is Manova’s Head of Transactions Europe. Gianluca Vairani is Kryalos Senior Managing Director Transaction Management and Head of ESG.
Spain’s Eurofund Group signed a joint venture with UK retailer Frasers Group, the owner of Sports Direct, House of Fraser and Flannels, for acquiring Grotte Center in Camerano (Ancona area) from ReItaly, a vehicle that Kryalos manages (see here a previous post by BeBeez). The buyers aim to invest 35 million euros for relaunch the asset and merge it with a currently disused adjacent commercial area for increasing the GLA from 18000 sqms to 30000 sqms. Irish Primark already signed a tenancy agreement. Ion Saralegui is the ceo of Eurofund Group.
Blue Global Estate Holding, a firm that belongs to ceo Alessandro Fasol, carried on a securitization for purchasing a 10 million euros worth Milan-based industrial asset to convert in residential units (see here a previous post by BeBeez). The spv issued two asset-backed partly-paid notes. PwC Legal assisted Blue Global Estate Holding. Umberto Rasori is the ceo of Zenith Global which acted as servicer, asset manager, calculation agent, corporate servicer, and noteholders representative. Banca del Fucino acted as account bank and paying agent.
BCMGlobal received the support of Colliers Progedil for selling 5 real estate assets in Rome, Latina and Naples areas that were part of an institutional investor’s NPL portfolio (see here a previous post by BeBeez). David Campion is BCMG Head of Secured Servicing & Real Estate. Claudio Borroni is Colliers Italia head of residential while Francesco Procopio is a managing director of Colliers Progedil.
TWS express courier signed a tenancy agreement for a 12900 sqms Tribiano (Milan area) logistic asset that belongs to EQT Real Estate (see here a previous post by BeBeez). Renato Loffredo is JLL head of logistics agency & data center.
The De Albertis Family sold real estate developer Borio Mangiarotti (whose 20% previously belonged to Värde Partners between 2019 and 2024) to British Arrow Global Investments Holdings Limited (see here a previous post by BeBeez).
