Merope Asset Management acquired a trophy asset portfolio in Rome for 100 mln €

29 September, Bebeez

Merope Asset Management acquired a portfolio consisting of 10 trophy assets in Rome for 100 million €. The assets are mainly villas and former bank branches located in the exclusive Sallustiano district of Rome and are surrounded by a 17,000 Sqm park. Merope plans to invest 80 million € in renovating the assets according to the eco-sustainability criteria.

Source: Bebeez

Translator: Cristina Ambrosi

Castello Sgr acquired the Kering offices in Milan for 70 mln €

29 September, Monitor Immobiliare

Through Fondo Milano Core I, Castello Sgr acquired the office building from Bel Real Estate Group occupied by Kering in Milan, in Via Mecenate, for 70 million €. The asset covers 15,000 Sqm and is one of the few in Italy to have obtained the LEED Core&Shell e Platinum Commercial Interior certifications.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Aquileia Capital Services to requalify Parma northern part

28 September, Parma Today

Aquileia Capital Services (Bain Capital Credit) announced its residential project named Nopa to requalify the northern part of Parma with an investment of 50 million €. The project, which has a duration of two years, concerns an area covering 31,471 Sqm not far from Parma old town and the train station.

Source: Parma Today

Translator: Cristina Ambrosi

Social housing project Sesto Smart Village inaugurated near Florence

27 September, Monitor Immobiliare

The social housing project Sesto Smart Village in Sesto Fiorentino (Florence) had been inaugurated, offering 140 homes. The project had been implemented through the funds Fondo Housing Toscano managed by InvestiRE SGR, which saw the Region of Tuscany among its investors, and Fondo Investimenti per l’Abitare FIA, managed Cassa Depositi e Prestiti.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

CampusX to inaugurate two new student halls in Turin

22 September, Monitor Immobiliare

CampusX is about to inaugurate under the brand CX Place two new facilities in Turin for 450 rooms and 600 beds. The student hall in Via Belfiore is in a building previously occupied by the Land Registry Office. The other facility is in Corso Regina Margherita, in a building owned by the publisher Edizioni San Paolo.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

GLP acquired a 27,000 Sq m logistic asset in Rome

14 September, Monitor Immobiliare

GLP completed the off-market acquisition of a logistic asset covering 27,000 Sq m in Santa Palomba (Rome) for 15 million € through Fondo Immobiliare Alternativo Augustus managed by Kryalos. The grade-A asset was sold by Orchidea Srl and is currently occupied by Carrefour.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Radisson opened two new resorts in Italy

13 September, Monitor Immobiliare

Radisson Hotel Group is expanding its presence in Italy with two new resorts under the brand Radisson Individuals in partnership with Mira.  Borgo di Luce I Monasteri Golf Resort & Spa is in Siracusa and offers 102 rooms, while Alagna Mountain Resort & Spa in Alagna Valsesia (Piedmont) consists of 49 suites.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Negotiation extended for the merger between UniCredit and Mps

10 September, Finanza Report

The negotiation for the merger between UniCredit and Mps had been extended. The results of the due diligence will be decisive for a risk-free acquisition by UniCredit. The operation is hazardous due to the considerable amount of non-performing loans and credits at risk for about 15 billion € held by Mps.  UniCredit is mainly interested in Mps branches in the north and central Italy and the online bank Widiba.

Source: Finanza Report

Translator: Cristina Ambrosi

1 bln € joint venture between Goldman Sachs e Kervis Sgr to invest in logistics

11 September, ll Sole 24 Ore

Following the joint venture between Goldman Sachs e Kervis Sgr to invest 1 billion € in Italian logistics, the new partnership acquired for 130 million € two plots of land in Bologna and Novara to develop next-generation logistic hubs.

The joint venture will diversify its investment between brownfield and greenfield projects, mainly located in north and central Italy, aiming to develop energy-efficient certified facilities to be leased later.

Source: ll Sole 24 Ore

Translator: Cristina Ambrosi

Gucci and Chanel obtained commercial spaces in Galleria Vittorio Emanuele II, Milan

08 September, Monitor Immobiliare

Following a tender to allocate the commercial spaces in Galleria Vittorio Emanuele II, Milan, Gucci will lease the space previously occupied by Dutti for 4.5 million € a year. Having exercised the pre-emption right, Chanel will keep the space allocated to its store and will requalify the former Cobianchi Hotel.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi