The Aedison fund managed by DeA Capital Real Estate SGR, owner of the Odeon cinema in Milan, announced its intention to convert part of the cinemas into retail spaces. The company had acquired the property in 2018 from Fininvest through the Aedison fund, subscribed by Apollo Global Management. The subject of the reconversion will regard...Read More
Union Investment recently announced the acquisition, for EUR 200 million, of the residential district (currently under construction) located in Dublin, to be acquired from the developer Ballymore. The portfolio held by Union Investment consists of 403 different asset-class properties. The company has a strong footprint also in the hospitality segment, with 66 owned hotels mainly...Read More
Guber Banca, one of the leading credit servicers in Italy, recently received an upgrade from Fitch Ratings, which updated the report on the bank’s valuations, from ‘RSS2 +’, ‘CSS2 +’, and ‘ABSS2 +’ to ‘RSS1-‘, ‘CSS1-‘, and ‘ABSS1-‘. Guber holds, as servicer, a rather high portfolio of credits to be valorized, with several collateralized credits...Read More
The Palazzo delle Assicurazioni Generali in VIII Marzo street (Padua) was sold to the Finint Fenice fund, managed by Finint Investments SGR. The official price has not yet been communicated, but according to initial rumors, the value transacted would be EUR 15 million. The building consists of three connected blocks for a total area of...Read More
Percassi immobiliare is placing the second tranche of EUR 1.98 million minibonds on Crowdbond, the private debt platform of the crowdinvesting portal Opstart. This operation represents the second placement of Percassi, following the placement carried out in August 2020, when the company put in circulation bonds for EUR 3.02 million. Over the years the group...Read More
New Six Senses opening in Ibiza. The complex will be built on a total area of 8 hectares and will be located in Cala Xarraca bay, in the northern region of the island. The property will be operational by next July and will include a total of 116 rooms and suites, as well as some...Read More
Habyt (formerly Projects Co-Living), a startup that develops and markets all-inclusive housing solutions, has acquired the German “Quarters”, one of the most important co-living operators in Europe, thus bringing its portfolio to over 4,000 units spread over 13 cities, including Berlin, Madrid, Lisbon, Milan and 5 other countries. The acquisition of Quarters (which last year...Read More
Savills IM SGR, through Alloro Fund, just sold Palazzo Pitteri in Trieste. Its sale was finalized on March 1st, but the news was disclosed only two days ago. According to the newspaper Il Piccolo, the property was taken over by a company attributable to the Venetian industrialist Alfredo Rubino. The latter also bought, from the...Read More
Swedish entrepreneur Conni Jonsson, CEO of the fund EQT Partners, announced his decision to invest (as reported by Il Sole 24 Ore) approximately EUR 30 million to convert the former Cirio factory in Porto Ercole into a 50-key 5 *. To this end, Jonsson founded a project-focused enterprise, Qarlbo, which bought the property and started...Read More
According to the MISE Directive that was recently published, EUR 130 million were made available to foster new investments in the tourism sector and enhance the national hotel system if directly related with the agricultural product processing sector. Threshold for access to development contracts in the tourism sector drops from EUR 20 to EUR 7.5...Read More
