Italy

SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL Grifone shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effec...

Tritax EuroBox has agreed two new leases. The first is the successful letting of Unit 1 (14,150 sqm) of the 28,300 sqm speculatively developed Settimo asset in Italy. The second is a new seven-year lease for Unit 3 (8,300 sqm) at Bochum, Germany. Collectively, these leases secure an additional €1.3 million in contracted rent ...

COIMA SGR has sold the iconic Piazza San Fedele 1-3 office building in Milan’s historic business district to Union Investment. The acquisition represents the German real estate investor’s first move into the Italian office market.

The Cadillac Fairview/Ontario Teachers’ Pension Plan (OTPP) & Boreal IM joint venture has completed its first transaction in Italy, the purchase of a portfolio that includes four fully-let and long-lease operational warehouses totalling 198,000 sq.m (2,127,000 sq.ft) and two development plots. The assets are primarily locate...

KSL Capital Partners has acquired a majority interest in Sereno. Founded over 20 years ago by the Contreras family, Sereno is the owner-operator of the multi-award-winning ultra-luxury hotel Il Sereno located on the shores of Lake Como, Italy, and its sister resort, Le Sereno on the beach at Grand Cul de Sac on the island of ...

Ardian has completed the acquisition of 4000 sq metres property located at Via Giuseppe Revere 3 on behalf of an investment vehicle that will be managed by Investire SGR.

Cromwell Property Group and Bain Capital have teamed up again to make opportunistic investments in the Italian logistics market.

Valor Real Estate Partners has made four promotions, including that of Jeremy Achkar to Senior Vice President, as it looks to double its AUM to €6bn in the next three years. The promotions span Valor’s Investment, Financing and Asset Management functions.

ECE invests in another project in Italy and realizes its first residential development project in the country with a residential complex in Rome: Together with local partners, ECE Work & Live develops, plans and realizes an exclusive residential complex in a park-like location with a total of about 160 apartments in six build...

COIMA SGR has arranged a new financing agreement with Banco BPM, Bayerische Landesbank, Crédit Agricole and ING Bank for €137 million to refinance the Corso Como Place real estate complex held by COIMA’s Porta Nuova Bonnet real estate fund.

COIMA SGR is the winning bidder in the public tender called by the Municipality of Milan for the sale of the Largo De Benedetti complex in Porta Nuova for the amount of €30.5 million.

Kryalos SGR has concluded the acquisition of the office building located in Piazza Affari, 2 in the centre of Milan.

Cromwell Property Group has entered into a binding agreement to create a joint venture with Hong Kong-based asset manager Value Partners Group, exchanging on the sale of a 50% stake in the Cromwell Italy Urban Logistics Fund assets. The seven properties that make up the fund are 100% leased to DHL (Parent Company Deutsche Pos...

AXA IM Alts has completed the redevelopment project of Monte Rosa 91, its iconic mixed-use building originally delivered in Milan in 2003 by Renzo Piano Building Workshop, and redeveloped twenty years later by the same team of professionals. Totalling more than 80,000 sqm, including 47,000 sqm of lettable office space and a l...

AXA IM Alts announces its entry to the Italian elderly care home market with the forward-purchase, on behalf of clients, of a six-asset portfolio from a real estate investment fund managed by Namira SGR. Numeria Servizi Generali Real Estate covered the role of vendor’s advisor and will continue to assist on this project durin...

The Lithuanian group Apex Alliance announces the successful acquisition of the iconic Grand Hotel Gardone, inaugurated in 1884 on the shore of the Italian Garda Lake. The deal was concluded with the participation of Romanian investor and partner Pavăl Holding.

AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 30 brands, has expanded its European footprint with the opening of its first property in Malta. AC Hotel by Marriott St. Julian’s brings The Perfectly Precise Hotel experience to the vibrant coastal town of St. Julian’s. Owned and managed by The Ona Hospitality Ltd...

VGP NV and PIMCO Prime Real Estate, acting on behalf of several Allianz Group companies, today announced the signing for the fourth closing between VGP and their 50:50 joint venture, VGP European Logistics 2 (also called ‘Aurora’). The transaction comprises 11 logistic buildings, including 5 buildings in 4 new VGP parks and a...