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(Visited 206 times, 1 visits today)
  • Transaction / Assets
    Barilla Center shopping centre in Parma
  • Seller
    NA
  • Buyer
    Kryalos
  • € MM
    NA

Pyramid has concluded the acquisition of Barilla Center, the multifunctional complex located in Parma with a commercial surface of over 37,000 Sq m.

31 March, Kryalos

Kryalos SGR S.p.A. has recently incorporated a new alternative real estate closed-end investment fund (FIA) named “Pyramid”, 100% owned by entities connected to Quilvest Real Estate, mainly focused on the retail sector.

The fund has just concluded the acquisition of the shopping arcade which is part of the multifunctional complex Barilla Center, featuring 18 retail units, a multiplex cinema and a covered parking lot.

Located in Via Emilia Est in Parma, Barilla Center was inaugurated in 2003 following the project of the architect Renzo Piano as a part of a masterplan for the requalification of the former Barilla industrial area.

Paolo Bottelli, Kryalos Ceo commented: “We’re happy with the acquisition together with Quilvest Real Estate of such an important and interesting asset thanks to its position, structure and growth potential”.

“We’re happy with the collaboration with Kryalos for our first real estate investment in Italy” – declared Marc Manasterski, Global Head for Quilvest Real Estate.

Source: Kryalos

Translator: Cristina Ambrosi