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Home COUNTRY ITALY

Italy’s real estate weekly roundup. News from Gruppo Franza, Falkensteiner Michaeler Tourism Group, Unicoop Tirreno, Aurelia Anticha, Barghi, ACS, Bain Capital Credit, Fattal Hotel Group

bebeezby bebeez
May 23, 2023
Reading Time: 2 mins read
in ITALY, REAL ESTATE
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German FMTG Development and Gruppo Franza‘s subsidiaries GF Property & Facility Management and Tourist Ferry Boat signed a joint venture for the development of a luxury leisure resort that requires investiments of 52 million euros (see here a previous post by BeBeez). Franza appointed Grimaldi Alliance and Studio Pirola Pennuto Zei & Associati. FMG hired Hager &Partners, Fivelex and Lo.vi.u. Tourist Ferry Boat belongs to the Franza and Mondello Families and owns 32.5% of Caronte&Tourist, an Italian shipping company of which Basalt Infrastructure Partners has 30% since January 2019. FMTG Development is part of FMTG – Falkensteiner Michaeler Tourism Group which belongs to Erich Falkensteiner, Andreas Falkensteiner and Otmar Michaeler.

Unicoop Tirreno acquired a portion of Tuscany-based mall Aurelia Antica fro Barghi, an Italian real estate investor (see here a previous post by BeBeez). On 8 April, Thursday, Unicoop Tirreno acquired from Conad the grocery store in the mall. Unicoop Tirreno appointed Chiomenti while L&B Partners Avvocati Associati assisted Barghi. Unicoop expects to open this grocery store in June. Unicoop Tirreno, part of the Coop system and of ANCC, has sales of 879 million euros, an ebitda of 25.3 million and a net debt of 29.5 million.

Aquileia Capital Services (ACS), a Bain Capital Credit’s company for the management of real estate-backe credit, sold to Israeli’s Fattal Hotel Group the luxury Principe di Lazise Wellness & Spa Hotel (see here a previous post by BeBeez). Aquileia Capital Services appointed as advisor JLL Hotels & Hospitality Group, Axiom Partners and Carnelutti Law Firm. Danilo Augugliaro is the ceo and coo of Aquileia Capital Services

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