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(Visited 73 times, 1 visits today)
  • Transaction / Assets
    UTPs
  • Seller
    Banco Bpm
  • Buyer
    Illimity
  • € MM
    21

Illimity acquired UTPs for 21 mln € connected to a residential project in Albenga

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