DeA Capital Real Estate announced the sale of Trasformatore, a San Donato Milanese-based building that ENI Corporate University (part of Milan-listed ENI) rents (see here a previous post by BeBeez). The asset sale is worth 12.1 million euros, below the 16.1 million assessment of Praxi.
Meanwhile Dea Capital Real Estate appointed Ashley Marks as head of Capital Advisory for boosting the firm’s international growth (see here a previous post by BeBeez). Marks previously worked for as head of JLL Private Funds Advisory, director of Capra Global Partners and for Newbridge Global Partners.
Domus (a vehicle of Hines, Apollo Asset Management and VI-BA) is close to delisting Aedes SIIQ from Milan stock market (see here a previous post by BeBeez). The 0.2922 euros per share public offer started on 6 February, Monday, and ended on 3 March, Friday. Domus invested little above 37 million euros and now owns in the region of 92% of Aedes.
Nuveen Real Estate (fka TH Real Estate), converted a 43 million euros green loan that Pragasei, the owner of Serravalle Outlet Village phase 6, borrowed from Crédit Agricole Corporate and Investment Bank (see here a previous post by BeBeez). Nauveen also changed the tenure of this credit facility and retained Allen & Overy as counsel. Crédit Agricole hired Gatti Pavesi Bianchi Ludovici. In 2022, Nuveen Real Estate raised from 49.9% to 100% its stake in the phase 6 after having purchased Aedes’ 50.1% of Pragasei for 14.2 million.
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