30 November, Monitor Immobiliare
DeA Capital Real Estate SGR, in partnership with Ardian, acquired Mps real estate assets for 300 million €. The portfolio includes 26 assets for office use, mainly located in Milan and Rome city centres, covering a total commercial surface of 90,000 Sq m.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
23 Dicembre, Monitor Immobiliare
DeA Capital RE Sgr won the tender to acquire Galleria Passarella for 280 million euro from a company owned by Goldman Sachs. The complex is located in Milan’s central business district, close to Corso Vittorio Emanuele e Piazza San Babila, and is for retail and office use. The asset, which is let to tenants of primary standing, is Leed Gold and Well certified, following renovation works in 2019.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
14 November, Il Sole 24 Ore
The deadline for the binding offers for the Mps real estate assets is set on 18th November. The sale will likely concern the whole portfolio. According to the rumours, Blackstone and Dea Capital Real Estate Sgr are the favourite candidates.
The portfolio is valued about 300 million euro, 250 million of which are related to some prime office buildings such as the former Milanese bank’s headquarters near Teatro alla Scala, two assets in Rome city centre and two buildings in Florence and Padova.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
29 August, Il Sole 24 Ore
The third quarter of 2019 has already registered some important transactions, such as the sale of Palazzo dell’Informazione in Milan by DeA Capital Real Estate Sgr to the Rovati family for 175 million euro.
Moreover, Kryalos Sgr acquired an office building to requalify in Milan for 50-60 million euro. The asset manager also acquired 45 local telephone assets owned by Dea Capital Real Estate Sgr for about 40 million euro.
Finally, Orion bought from Arcus three outlets (Sicilia Outlet Village, Torino Outlet Village and Roma Outlet Village) for a total of 500 million euro. Always in the outlet segments, Dws got from Nuveen the Barberino Designer Outlet in Florence for 200 million euro.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
11 June, Il Sole 24 Ore
The office building named Palazzo dell’Informazione, located in Piazza Cavour in Milan, has been allegedly put for sale by Dea Capital Sgr through its fund Atlantic. According to the rumours, there are four short-listed candidates: Allianz, Antirion, Bnp Paribas real estate Sgr and Aviva, together with the Rovati family. The selling price might be considerably higher than the booked value (130.6 million euro), and it may amount to 170 million.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
25 May, Milano Finanza
The real estate investment fund Alpha managed by DeA Capital sold an asset in Via Casilina, Rome, for 17.2 million euro. The selling price is 8.6% higher than the value reported by DeA Capital in December 2018.
Source: Milano Finanza
Translator: Cristina Ambrosi
02 May, Il Sole 24 Ore
Real estate operations in Rome mainly concentrate on hotels, although offices still register the highest volumes. Among the main projects, the former BNL headquarters (24 thousand Sq m) have been reconverted for hotel use and have been put for sale at the requested price of 250 million euro, plus requalification costs. Meanwhile, Kryalos has just bought two properties which will become hotels under the brand W. Finally, Marriott chose an asset from Dea Capital to open a hotel of its Autograph Collection.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
29 March, Milano Finanza
Following the sales of office assets in 2018 for a total of 140 million, mainly sold to Kryalos and Dea Capital, Banco Bpm continues with its de-risking activity. The bank received bids concerning the acquisition of an impaired-loan portfolio, including moveable assets, real estate assets and underlying contracts. The operation might amount to a total of 778 million euro.
Source: Milano Finanza
Translator: Cristina Ambrosi
07 January, Milano Finanza
At the end of 2018, Dea Capital Real Estate sgr launched two new real estate funds, both underwritten by international investors and invested in assets located in Rome. The first operation of the asset manager of Emanuele Caniggia concerns the fund GO Italia IV which is fully subscribed by international institutional investors for a value of over 40 million euro. The new fund took over from Banco Bpm a portfolio of prime assets in Rome city centre. The properties are mainly for office use, and the portfolio also includes the Bpm office in Via Luisa Savoia, between Piazzale Flaminio and Via Romagnosi, just behind Piazza del Popolo. The building is consisting of two towers of five floors each.
Meanwhile, the asset management company also launched the Laurus fund which acquired five office buildings in Via Laurentina and Via del Serafico in Rome for a total value of around 170 million. The complex was sold by Caceis Bank (German Bank group) as a depositary of the fund Seb ImmoInvest.
On 21st December, Villa Stuart was officially transferred to Tessalo, an alternative fund dedicated to healthcare assets which was launched last August with the transfer of six assets from Eurosanità group, a leading company in private healthcare management in Italy. Besides Villa Stuart, one of the biggest orthopaedic clinics in Italy assisting athletes and football players, the fund also includes the clinic Quisisana in the Parioli neighbourhood and Policlinico Casilino, near Torre Maura and Torre Spaccata areas.
With these new real estate funds, Dea Capital Real Estate Sgr had reached assets under management for over one million euro over the course of 2018. Following the group’s strategy, the managed assets remain at a steady level set around 9.5-10 billion (for 46 real estate funds). This means that to one billion of assets acquired in 2018 corresponds a similar amount of asset sold over the year (over 540 properties for a total of 950 million) due to sales and funds reaching their maturity. The objective is holding an up-to-date portfolio, in terms of rating as well as in the type of property, in order to best meet the investors’ needs, as the interest for the new segments of real estate such as healthcare and logistics grows.
According to Ceo Caniggia, a further growth of the portfolio wouldn’t be compatible with the volumes of the Italian market. For this reason, the group in 2018 started to expand on the international markets with the creation of Dea Capital Real Estate France, which is the first step for the creation of a Pan-European real estate platform. In 2019, the company plans to implement similar entities in Spain and Poland, one of the most thriving property markets in Europe at the moment.
Finally, the listed real estate fund Atlantic2-Berenice has recently reached the maturity. Since its allocation with 500 euro, the fund has distributed to its subscribers 723.21 euro per shares and is about to issue the final liquidation statement.
Source: Milano Finanza
Translator: Cristina Ambrosi
Portugal 
Spain 
Greece 
