Kryalos acquired former Brevi production plant in Bergamo

25 July, Bebeez

Through its fund Minerva, Kryalos Sgr acquired an industrial complex in Telgate (Bergamo) from San Giustino Srl. The property had accommodated the operations of childcare products manufacturer Brevi, which was declared bankrupt by the Court of Bergamo last February. The transaction is part of the reorganization process of the company.

Source: Bebeez

Translator: Cristina Ambrosi

K&L Gates to lease office space in The Medelan, Milan

19 July, Monitor Immobiliare

Law firm K&L Gates will lease office space for 3,000 Sqn in The Medelan in Piazza Cordusio, Milan city centre. Owned by DeA Capital Real Estate Sg, The Medelan offers high-street retail, offices and leisure facilities and is LEED Platinum, WELL Silver, and Wired Score certified.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

RCS re-purchased Corriere della Sera offices in Milan for €59.9 mln

18 July, Bebeez

Following a lawsuit concerning the operation in 2013, RCS bought back from Blackstone for €59.9 million the office building in Via Solferino, Milan, occupied by the newspaper Corriere della Sera. Moreover, the two companies mutually waive any legal action, and RCS shall pay to Blackstone €10 million for the legal expenses.

Source: Bebeez

Translator: Cristina Ambrosi

Palazzo Marini in Rome to become a Four Seasons Hotel

22 June, Corriere della Sera

Palazzo Marini, in Piazza San Silvestro, Rome old town, was bought for €165 million by Fort Partners from the developer Scarpellini. The property will likely be converted into a luxury hotel, allegedly under the Four Seasons brand.

Source: Corriere della Sera

Translator: Cristina Ambrosi

Coima sold an office building in Milan

04 July, Monitor Immobiliare

Assisted by Dils, Coima Sgr sold the 15th-century building Palazzo Litta Cusini Modignani in Corso Europa, Milan, where the new tenant will establish their HQ. The asset, which the previous occupant has recently renovated, develops over four floors and covers 5,900 Sqm.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Investire acquired 3 Conforama stores in Italy

20 June, Distribuzione Moderna

Investire (Finnat Group) acquired three stores from furnishings retail chain Conforama Italia for a total surface of 55,000 Sqm. The properties will be leased directly to Conforama, which will continue to manage the operations in the stores.

Source: Distribuzione Moderna

Translator: Cristina Ambrosi

DeA Capital sold trophy asset in Rome for €175 mln

30 June, LinkedIn

DeA Capital SGR sold the former Federconsorzi HQ in Piazza Indipendenza, Rome, to Allianz Group for €175 million. The property, which is a listed building due to its architectural value, had been entirely renovated by DeA Capital and is LEED Gold certified.

Source: LinkedIn

Translator: Cristina Ambrosi

Intesa Sanpaolo sold non-performing loans for €1.4 bln

01 July, Credit Village

Intesa Sanpaolo announced the transfer to AMCO of an NPL portfolio deriving from leasing amounting to €1.4 billion. The portfolio mainly consists of corporate leasing contracts, most of which are backed by assets. With this operation, AMCO confirms its intention to support banks in their de-risking operations.

Source: Credit Village

Translator: Cristina Ambrosi