Italian real estate investor Statuto received a structured financing facility of 495 million euros for the Milan-based development project Palazzo del Toro (Piazza San Babila) and for a 5 stars hotel based in Via Brera 19 that Six Senses Hotels Resorts will manage (see here a previous post by BeBeez). Statuto acquired Palazzo del Toro in 2005 from Pirelli Re and Morgan Stanley for 230 million and now wants to sell it for raising the resources for the development of the hotel in via Brera. Banco BPM and GWM Group subscribed the abs notes of a securitization that will supply also further resources for the development of projects in Milan. Banco BPM, Gwm Group and ARECneprix, an asset manager of illimity, retained as advisors Giovanardi Studio Legale, DLA Piper, Cappelli RCCD, Linklaters, Cushman & Wakefield, AEG & Partners, Mediobanca, Deloitte, and Gatti Pavesi Bianchi Ludovici. Gruppo Statuto hired Baker McKenzie.
Generali Real Estate signed a co-investment agreement with Meag (an asset manager of Munich Re) for being even owners of Fen Court, a 40500 sqm building based in Fenchurch street (City of London) (see here a previous post by BeBeez). Eric Parry Architects projected the building that Generali Real Estate acquired in 2018 for 420 million GBP. Fen Court received the Breeam in use excellent certification and a rating EPC B. Munich Re will be a co-investor and will also rent two of the 14 floors of Fen Court.
Alteralia RED, a reale state debt fund managed by Alantra, subscribed a green bond for refinancing and refurbishing a 10,000 sqm real estate asset in Milan (Porta Romana area) that belongs to the multi-family office Sunshine (see here a previous post by BeBeez). In October 2022, the fund raised 132 million euros, above the 100 million target.
Today an Italian Court will make a decision about the eviction of tourism and leisure company PPN from Trieste-based Portopiccolo, which belongs to Hig and Gruppo Rizzani de Eccher (see here a previous post by BeBeez). Filippo Cavandoli, Carlo Cavandoli and LMH (40%) are the owners of PPN. Sources said to BeBeez that PPN rebranded as Trieste 2040, but kept the same the VAT Number, the debt and the ceo Filippo Cavandoli.
