Invimit, a company that belongs to the Italian Ministry for Economic Development (Mise), started the pre-sale procedure for Milan’s 338,000 sqm Piazza D’Armi project (see here a previous post by BeBeez). The requalification project could generate investments for up to 500 million euros and aims to create an urban park on 75% of the area and to develop houses on 135.000 sqm in the West area of Milan.
Namira acquired from Irplast, a portfolio company of Cheyne Capital, a 30000 sqm plant and signed a 24 – year sale&lease back contract (see here a previous post by BeBeez). Namira retained as advisors IREIT and Gitti and Partners, while the vendors hired Dentons. Cheyne acquired Irplast out of a restructuring and receivership procedure in September 2020. Irplast has sales of 107.6 million euros, an ebitda of 4.7 million, a net financial debt of 8.9 million, and equity of 29.5 million.
Iron, a fund of BentallGreenOak that Prelios is managing, will buy six logistic assets of 128,000 sqm based in Rome and Grosseto with the support of a 104 million euros green loan from UniCredit and Icbc (see here a previous post by BeBeez). All the assets have a Leed Gold or Breeam New Construction Very Good certification. Dnv’s second party opinion said that the transaction is consistent with the green loan principles 2021 of the Loan Market Association. Allen & Overy assisted the lenders, while Prelios retained Shearman & Sterling.
Consob authorised Domus, a vehicle of Hines, Apollo Asset Management and VI-BA, to launch its public offer on Milan-listed real estate firm Aedes SIIQ’s 45.15% (see here a previous post by BeBeez). The offer started on 6 February, Monday, and will end on 3 March, Friday. Domus made a bid of 0.2922 euros per share or up to 37.018 million euros for delisting Aedes, of which it already owns 56.85%.