Month: March 2022

Intesa Sanpaolo to lease high-rise in MilanoSesto

31 March, Bebeez

Through the fund Unione 0, managed by Prelios, Hines and Cale Street entered a preliminary agreement with Intesa Sanpaolo for the 15 years-lease of a new high-rise in MilanoSesto, Milan. Excellently connected by public transport, the new building will be the bank’s new HQ, covering 29,000 Sqm and developing over 17 floors. The completion of the works is expected by 2025. The area will also feature an Accor hotel, a student residence, apartments, and a park.

Source: Bebeez

Translator: Cristina Ambrosi

Borio Mangiarotti to build 56 apartments in former industrial area in Milan

22 March, Monitor Immobiliare

Borio Mangiarotti launched a new residential project in a former industrial area in Certosa di Garegnano, Milan. The area will be requalified to build 56 apartments covering 5,500 Sqm with a €16 million investment. The complex’s two buildings will be near zero energy thanks to the built-in solar panels and will be ready by June 2024.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Investcorp acquired IFAD HQ in Rome for €128 mln

22 March, Bebeez

Bahrein fund Investcorp bought from Prelios for €128 million an entire building in Via Paolo di Dono near Eur, Rome, leased long-term to UN agency IFAD (International Fund for Agricultural Development). The building is LEED Platinum certified and has a GLA of 32,000 Sqm.

Source: Bebeez

Translator: Cristina Ambrosi

Hines and Accor to invest in a hotel in MilanoSesto

16 March, Monitor Immobiliare

Through the fund Unione 0 managed by Prelios, Hines and Accor signed a binding agreement for a 25-years lease of a new hotel in MilanoSesto, Milan. Developing over 19 floors and covering 16,000 Sqm, the building will provide 301 rooms between hotel rooms under the brand Novotel and serviced apartments by Adagio.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Aermont completed two acquisitions from Allianz and Covivio

16 March, Il Sole 24 Ore

Aermont Capital announced the acquisition of two properties from Allianz, located in Via Pirelli and Via Monte Grappa, Milan, and a third asset from Covivio in Via dell’Innovazione, not far from Porta Nuova.

The building in Pirelli covers 29,000 Sqm and is currently vacant, while the Innovazione asset (28,000 Sqm) is partially leased. Both located in the dynamic area of Bicocca, they will be turned into grade-A state-of-the-art offices by Aermont complying with the sustainability criteria.

The asset in Monte Grappa consists of a 65-rooms hotel leased to NH Italia spa.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Coima launched a new logistic investment fund valued at €800 mln

16 March, Bebeez

Coima sgr launched Coima Logistics Fund II, focusing on logistic assets to rent or to develop. The fund is currently valued at €800 million, considering the acquisitions already completed and the projects in the pipeline, and it might reach investments up to €1 billion.

Source: Bebeez

Translator: Cristina Ambrosi

Castello acquired building in Cordusio (Milan) for €49 mln

16 March, Bebeez

Castello Sgr bought for €49 million from the insurance company Itas a building near Piazza Cordusio, Milan, covering a 3,800 Sqm surface. The asset is entirely leased and belongs to energy class A, consistent with Castello investment strategy, which focuses on ESG criteria.

Source: Bebeez

Translator: Cristina Ambrosi

Impresa Rusconi to start residential development in Feltre area, Milan

15 March, Monitor Immobiliare

Impresa Rusconi acquired a 20,000 Sqm land from two no-profit organizations (Fondazione Promor and Fondazione Ing. Mattei) in the Feltre neighbourhood in Milan. Rusconi plans to urbanise the area with an €80 million investment, building approximately 350 residences and creating a new gateway to Parco Lambro.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Allianz acquired 8 logistics assets in Italy for €91 mln

09 March, Bebeez

Allianz Real Estate acquired eight prime logistic assets for €91 million with an off-market operation. The portfolio consists of two traditional logistic facilities near Milan, covering approximately 60,000 Sqm and six warehouses with an average surface of 5,000 Sqm. The warehouses are all leased long-term to couriers and are located in Venice, Vicenza, Novara, Modena and Perugia.

Source: Bebeez

Translator: Cristina Ambrosi