30 December, Kryalos
Through its Kryalos Opportunity Fund I, Kryalos Sgr purchased an office building in Viale Fulvio Testi in Bicocca, Milan. The building consists of two floors and covers a surface of approximately 12,000 Sq m, including a private garden. The asset will be thoroughly requalified according to the contemporary and sustainable style characterising the Bicocca business district.
Source: Kryalos
Translator: Cristina Ambrosi
29 December, Monitor Immobiliare
Aquileia Capital Services (Bain Capital Credit Group) completed the sale on behalf of Immobiliare Stampa of a property accommodating the Carabinieri barrack and residences in Varese for 2.65 million €. The asset consists of two buildings and covers a total surface of over 6,000 Sq m, including external areas.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
29 December, Kryalos
Kryalos Sgr completed the sale for 246.7 million € of the former Palazzo delle Poste in Piazza Cordusio, Milan, to a club deal of investors coordinated by Mediobanca. The trophy asset used to accommodate the central post office and was renovated between 2015 and 2018 with an investment of 23 million €, obtaining the LEED Gold certification. The building is currently let to Starbucks, while its office space is leased to JP Morgan, Natwest and Kryalos.
Source: Kryalos
Translator: Cristina Ambrosi
23 December, Il Sole 24 Ore
According to its latest survey involving over 20 national and international players of the Italian hospitality industry, Cushman & Wakefield forecasts that the market will fully recover from the pandemic in 2022-2023. Tourist destinations like Costa Smeralda and the Amalfi coast are expected to recover in 2022. Meanwhile, Rome, Milan, Venice and Florence are still seen as the top cities by investors and hotel managers, although the market is likely to restart only in 2023-2024.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
23 December, Monitor Immobiliare
Illimity Bank acquired from Banco Bpm credits for a nominal value amounting to 21 million €. The credit lines refer to the company Barberis Group, which operates in construction and real estate development. The operation concerns UTPs connected to a residential development project in Albenga (Savona). According to the agreement, Illimity will provide further funding for 7.3 million € to complete the works.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
23 December, Kryalos
Through its closed-end real estate alternative investment fund Thesaurus, Kryalos SGR completed the acquisition of two office assets from Covivio. Both buildings are located in Milan, respectively in Via Principe Amedeo and Via Scarsellini.
Source: Kryalos
Translator: Cristina Ambrosi
19 December, Milano Finanza
According to PwC, 2021 is likely to register the real impact of the pandemic on the financial market. Moratoria, guaranteed loans and redundancy funds have supported the economy so far, avoiding banks’ NPL stocks to grow in excess. That’s why 2020 is expected to close with non-performing exposures totalling 115-120 billion € compared to 135 billion € as reported in December 2019.
In 2021 banks will seek to keep their current Npe ratio. The focus will shift towards UTPs, which require a more systematic management approach in order to support companies struggling both from a financial and industrial point of view. For this reason, the possibility of new players such as retirement funds, family offices and private investors entering the market is not to be excluded.
Source: Milano Finanza
Translator: Cristina Ambrosi
18 December, Monitor Immobiliare
Aquileia Capital Services announced the sale of an entire building located in Via Del Traforo, Rome, for 51.2 million €. The trophy asset is currently let to Banca D’Italia and covers a 5,000 Sq m surface. The operation was carried out on behalf of Immobiliare Stampa SpA, with Aquileia Capital Services acting as the asset manager and Kryalos as the strategic advisor.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
18 December, Monitor Immobiliare
Through its fund Antirion Aesculapius, Antirion SGR completed the acquisition of an assisted living facility in Bologna for 10 million €. The facility offers 100 beds and is located near Bologna central station.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
16 December, Monitor Immobiliare
Through the real estate investment fund GERAS, REAM SGR acquired from FCA Partecipazioni an asset in Corso Massimo d’Azeglio, Turin, leased to CeMeDi as a medical clinic.
With this last acquisition, the Fund pursues its objective of diversifying its portfolio, consisting exclusively of assisted living facilities until now. The Fund’s investment objective is 270 million €.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
Portugal 
Spain 
Greece 
