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A German retirement fund aiming at the La Gare Hotel in Milan

22 November, Milano Finanza

Sergio Erede is one of the most appreciated and influential lawyers in Italy. The Florence lawyer has always had a passion for real estate business, resulting in requalification projects in Milan city centre, villas in Versilia, and commercial and hospitality assets in Milan and Venice.

Erede has been recently evaluating the offer from the German retirement fund dedicated to medical doctors regarding the acquisition of the hotel La Gare in Milan owned by the company La Gare, a subsidiary of Erede’s holding Penteco. The company has fixed investments for over 73 million, but it has lost 8.1 million in the last two years. The German fund might offer up to 100 million to obtain the hotel.

Source: Milano Finanza

Translator: Cristina Ambrosi