(Visited 77 times, 1 visits today)
(Visited 77 times, 1 visits today)
  • Transaction / Assets
    Movie theatre in Milan
  • Seller
    NA
  • Buyer
    Nuova Imperiale Srl
  • € MM
    NA

The Algebris NPL II fund acquired the old Imperiale cinema in Milan

21 December, Monitor Immobiliare

The fund Algebris NPL II, on behalf of Nuova Imperiale Srl, completed the acquisition of the former movie theatre Imperiale in Corso XXII Marzo 14 in Milan.

The requalification project of the asset will be presented in the upcoming months, as the building is crumbling due to the degraded conditions of the surrounding area.

The objective is to reconvert the asset using its potential at the fullest and at the same time implementing the safety measures in the facility.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi