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» Chronological View: " Italy " «

BNP Paribas REIM acquires Bodio Center in Milan

BNP Paribas REIM Italy SGR, on behalf of OPCI BNP Paribas Diversipierre, has completed the acquisition of Bodio Center in Milan. The business park has a gross area of over 80,000 m² and consists of 5 office buildings and 2 buildings for service activities. The scheme is LEED Gold and BREEAM Good certified. The transaction rep...
Friday, 7. August 2020

Aareal Bank sells again Italian NPLs

Aareal Bank continues to execute on its accelerated de-risking programme by further reducing Italian non-performing loans (NPL). In July, approx. € 140 million in loans and advances were sold to investors. This transaction reduced the Bank's Italian NPL volume to less than € 500 million, i.e. by more than half compared to mid...
Friday, 31. July 2020

Cromwell and IGIS acquire Italian DHL logistics portfolio for €52.5m

Cromwell Property Group and Korean real estate investment manager, IGIS Asset Management (IGIS) have signed binding agreements to purchase seven DHL logistics assets in Italy for A$85.7 million (€52.5 million), with settlement due in September 2020. Cromwell will fund its share of the acquisition from existing cash reserves.
Wednesday, 29. July 2020

Swiss Life AM unveils growth plans for its pan-European healthcare fund

Swiss Life Asset Managers unveils growth plans for its pan-European healthcare fund with a strong seed portfolio and promising pipeline. The company’s European Healthcare fund has been designed to respond to structural demand for investment in the European healthcare sector in a locally targeted way. The strategy seeks to cap...
Thursday, 23. July 2020

Foruminvest to develop airport hotel in Milan

Foruminvest Italia signed the preliminary purchase agreement for a piece of land of 1.15 ha, for a hotel development of 240 rooms and 120 parking spaces. The seller is Villa Carmen Srl. an Italian joint venture between Schiphol Real Estate and an Italian partner.
Wednesday, 1. July 2020

Allianz acquires LEED Platinum office asset in Rome’s EUR CBD

Allianz Real Estate, on behalf of several Allianz group companies, has acquired a prime office asset in the central business district of Rome for circa €200 million from Omega Fund, a closed-end real estate fund managed by DeA Capital Real Estate SGR. The deal is expected to close this summer and follows Allianz’s recent acqu...
Wednesday, 17. June 2020

Savills appoints new Head of BPC in Italiy

Savills, has appointed a new Head of Building Project Consultancy (BPC) in its Italian headquarters in Milan. She will join the team in Milan to head up its new BPC division. With over 20 years’ experience, she joins from JLL where she has held the role of Head of Building Consultancy since 2017, working with high-profile cl...
Thursday, 4. June 2020

Investcorp closes €340m for second Italian NPL fund

Investcorp has held the fully subscribed final closing of approximately €340 million in commitments for its second vintage Italian Distressed Loan Fund II (Italian NPL Fund II), which is exclusively advised by Eidos Partners, a Milan-based advisory firm and credit specialist.
Wednesday, 27. May 2020

Allianz acquires prime office asset in Milan’s CBD

Allianz Real Estate has acquired a prime office asset in the central business district of Milan for €140 million in a sale-and-leaseback deal with Crédit Agricole Italia. The acquisition has been made on behalf of several Allianz group insurance companies.
Tuesday, 26. May 2020

PGIM Real Estate makes senior hire in Italy

PGIM Real Estate has hired Musie Bocrezian, as executive director and head of transactions for Italy, based in its newly opened office in Milan, effective immediately. Bocrezian leads the firm’s efforts to source and execute investment opportunities in Italy.
Monday, 18. May 2020

Corum AM acquires Rome office building

Curzon Capital Partners IV, a real estate fund advised by pan-European investment manager Tristan Capital Partners, has completed the sale of an office facility in Rome to the French institutional investor Corum AM. The transaction marks the Fund’s second sale from a portfolio acquired from Axa in Q4 2016, and follows the dis...
Thursday, 14. May 2020

Hotel profit plunges amid COVID-19 rise in Europe

With cases in China starting to plateau, the World Health Organization (WHO) declared Europe to be the new epicenter of the coronavirus outbreak in March, fueled by the rapid expansion of the virus across Italy and Spain. This prompted governments across the region to scale up the measures to contain the spread, and several l...
Friday, 1. May 2020

Hines completes acquisition of „Ex Trotto“ area in Milan’s San Siro District

Hines has completed investment in the Ex Trotto area and the Ex Training Centre complex in Milan’s San Siro district. The former racing track and sports complex, which has not hosted any sporting events since 2013, would be transformed into a major residential-led mixed-use scheme. The acquisition was made from Snaitech throu...
Wednesday, 29. April 2020