Residential
Antirion acquired three buildable areas in the north-eastern suburban area around Milan, where the company plans to build new houses. The areas cover in total 92,000 Sqm.
Always in Milan, Patron Capital, together with Bluestone and FREO, acquired an area in the Lambrate neighbourhood to build 100 apartments covering 9,000 Sqm for a total value of €40 million. The works will start in 2023 with the removal of the existing buildings.
Meanwhile, Hines and Cale Street launched the construction of the new lot Unione 0 in MilanoSesto with an investment of €500 million. The lot, which covers 250,000 Sqm, will offer residences, including affordable housing, offices, hotels and student halls. The project is expected to generate a €1 billion turnover.
In Rome, Savills Investment Management launched a new residential requalification project concerning four buildings in the city centre, covering a total surface of 30,000 Sqm. The project will also include retail and office spaces and will be completed by 2024.
Offices
Barings acquired for an undisclosed amount an office building in Milan from DIE Italy SICAF spa which was acting on behalf of Deka-Immobilien.
In Turin, Zetland Capital acquired an office building for €40 million from Generali Real Estate sgr. The asset, which covers a 12,000 Sqm surface, used to accommodate several departments of the Region of Piedmont and will be demolished to build new apartments.
Hospitality
Illimity and Cordifin acquired two four-stars hotels in Venice, Ai Cavalieri and Ai Reali, for €50 million from AMCO, Intesa and Prelios.
Sixth Street and Eidos Partners completed the acquisition of Le Palme Hotel & Resort in Porto Cervo, Sardinia. The property, which covers a 17,000 Sqm surface, will be turned into a luxury hotel to be inaugurated by 2024.
Logistics
Assisted by Prologis, Dils acquired a 50,000 Sqm logistic park in the La Rustica area, Rome. The asset consists of five grade-A buildings, an office building, external areas and parking lots. The park is entirely leased to a State-owned company operating in document storage.
Meanwhile, Kryalos Sgr completed three transactions in last-mile logistics for a total of 140,000 Sqm. The first portfolio consists of ten assets covering 67,000 Sqm near Bergamo. The second transaction concerns eight last-mile logistic assets in northern and central Italy for a total surface of 60,000 Sqm and 143 loading docks. The third acquisition is for four assets near Naples, Turin and in the Bologna logistic hub, covering approximately 11,133 Sqm.
Near Pavia, Patrizia AG acquired a newly-built logistic asset on behalf of its institutional clients. The property consists of a refrigerated warehouse covering 31,000 Sqm leased to Kühne & Nagel and Movi.Log Srl, a frozen foods distributor, for an average lease duration of 7.5 years.
Hines acquired off-market 20 logistic assets in Emilia-Romagna and Lombardy for a total surface of 200,000 Sqm. The portfolio was bought from four different sellers, and its assets will be leased with a 15-years contract to Gruppo Snatt Logistica, a 3PL leading company specialized in the fashion industry.
Finally, World Capital completed the sale to EQT Exeter of a 23,000 Sqm logistic asset in Truccazzano, Milan.
