Rocco Forte Hotels, the UK hotel and leisure group that belongs to Sir Rocco Forte, signed an agreement with Sixth Street for managing Sardinia’s luxury hotel Le Palme that may open in 2024 (see here a previous post by BeBeez). Rocco Forte Hotels refurbished the hotel with the support of Architects Patrizia Pozzi, Efisio Onali and Patricia Urquiola. Eidos Hotel Capital Partners acted as operative partner and asset manager for Sixth Street which acquired Le Palme in 2022.
In 2022, Italian real estate developer Borio Mangiarotti posted sales of 110 million euros (+29% yoy) (see here a previous post by BeBeez). In 2019, Värde Partners acquired a 20% of the firm that is carrying on 250 million worth projects for Centro di Fondazione Together To Go (TOG) Onlus (Milan), Casa dei Ragazzi IAMA Onlus (Olgiate Molgora), Dea Capital, and Invesco Real Estate‘s SeiMilano for which it will deliver 500 apartments in June. MCA – Mario Cucinella Architects is working on this project.
Fondo Chirone, a vehicle with 360 million euros worth real estate assets that Blue sgr manages and that ceo Paolo Rella leads, received a 15 million financing facility from Banco BPM, sources said to BeBeez (see here a previous post by BeBeez). The transaction is part of the fund’s financial debt optimization process. DLA Piper assisted Banco BPM. Blue retained Dentons.
Infinityhub, an energy social company that aims to boost the net zero transition through crowdfunding projects, launched a crowdlending campaign on Ener2Crowd for raising 0.3 – 0.5 million euros (see here a previous post by BeBeez). The company will invest such proceeds in the YCon@ project for refurbishing Officine ICO di Ivrea. InfinityHub will install LED lighting systems on a 30,000 sqms area.
Segro, a London and Paris-listed real estate investment trust (reit), acquired a further 5% of Italian real estate developer Vailog (see here a previous post by BeBeez). In May 2015, Segro paid 39.6 million euros for acquiring 90% of Vailog from Gruppo FBH (Fabrizio Bertola Holding). The target has sales of 240 million, an ebitda of 80 million and net cash of 77,300 euros.
