Press Releases

EIRE Expo Italia Real Estate, scheduled from 4th to 6th June and being held at Fieramilanocity for the first time, is becoming increasingly identified as an event open to international investors with an interest in Italy. In this regard, "Italy International!" is a special initiative organised by the EIRE Scientific Committee and DLA PIPER with the intention of highlighting this theme. The project will be hosted in the Investors' Lounge area and will be divided into two different branches: a cycle of three conferences dedicated to the investment world, and a presentation of the best projec... [MORE]

On May 10th, Foruminvest Italia sold her 50% stake in shopping centre “Mongolfiera Molfetta”, near Bari, in Southern Italy to a private investor, after having sold its first 50% to OIRP Investments 2 S.A.R.L., a subsidiary of Orion Income Return Partners, a pan-European core fund sponsored by Orion Capital Managers in 2011. The shopping centre is sold at a price of around € 135,000,000.
The shopping centre developed by Foruminvest Italia opened in March 2008. The centre consists of 35,000 m2 GLA and 2,750 parking spaces. In 2012, Mongolfiera Molfetta had 5,500,000... [MORE]

The ordinary and extraordinary Shareholders’ Meeting of Prelios S.p.A. was held on today’s date. The ordinary Shareholders’ Meeting approved the 2012 financial statements which closed with a net consolidated loss of € 241.7 million (-289.6 million in the previous year) while the company financial statements closed with a loss of about € 214 million (-311.5 million in 2011), which entails a reduction in the net working capital of about € 4.6 million, with the share capital decreased by over one third.
Prelios S.p.A. Shareholders&rsquo... [MORE]

The Board of Directors of Prelios Società di Gestione del Risparmio S.p.A., held on today’s date, appointed Paolo Scordino as CEO with management and representation powers.
The process for the strengthening of Prelios SGR corporate governance and organisation structure, and market positioning is now completed. Prelios SGR is one of the Italian leading real estate fund management companies, relying on a team of over 60 highly skilled professional experts who manage over 20 real estate funds. Eridano is the most recent fund established in January 2013;... [MORE]

The Ordinary Shareholders' Meeting of Prelios Società di Gestione del Risparmio S.p.A., held on today's date, appointed Paolo Scordino as new Board Member. The Board of Directors of Prelios SGR is today composed of 6 members the majority of whom, i.e. four Board members, are independent Directors.
Paolo Scordino, graduated in Economics at Università La Sapienza of Rome, earned a Master Degree in Business Administration in the United States and worked for Harvip Investimenti, where he held the office of Vice-President with powers for business development... [MORE]

Romeo Management has won the tender and is the facility management company of Linate and Malpensa airports. For next 5 years it will manage the internal services of the two airports. The tender involves 1,200,000 square meters of surface. 

- the separate financial statements at 31 December 2012 and the allocation of the profit for the year, as well as the consolidated financial statements at 31 December 2012 which show core business revenue of €123.3 million, EBITDA of €85.7 million and a net profit of € 11.3 million;
- the payment of a dividend equal to € 0.07 per share (in line with the payout policy outlined in the 2012-2015 Business Plan), payable as of 23 May 2013 with shares going ex-div on 20 May 2013;
- the authorization to purchase and dispose of treasury shares;
- gr... [MORE]

- Appointment of the new Board of Directors for the years 2013-2015: 5 independent Board Members out of 9 and significant female representation (one-third of the total). Enrico Laghi confirmed as Chairman and Aldo Mazzocco confirmed as Chief Executive Officer
- Approval of 2012 financial statements
- Dividend resolved of €0.022 per share 
The Ordinary General Meetingof Beni Stabili Siiq, based on the only list presented by the majority shareholder Foncière des Regions S.A., has appointed the new Board of Di... [MORE]

World Capital Group has received the first prize for the design and quality of its stands at the closing ceremony of the 28th edition of Domexpo. From 11 to 14 April 2013, a few meters from Red Square in Moscow it was holding the annual public real estate exhibition, presenting some of the most important real estate development projects in Moscow and the surrounding regions. In this exhibition, holding in large central area of Moscow, were attending more than 60 international real estate groups from almost 20 different countries. At Domexpo... [MORE]

On 12th April 2013 Nomisma’s Board of Directors approved the annual report for 2012 and bestowed the mandates for the strategic development on Giulio Santagata. The Board also appointed Luca Dondi dall'Orologio as MD. 

Barclays European Infrastructure Fund II (BEIF II), the London-based fund managed by Barclays Infrastructure Funds (BIF) has reached financial close on its acquisition of 51% of the Vimercate Salute PPP hospital in the region of Lombardy, Italy.
BIF has acquired the stake from Pessina Costruzioni S.p.A. and INSO S.p.A., which is part of the Condotte Grouop since August 2012. Condotte Investimenti Infrastrutturali (C2i) is the holding of the Condotte Grouo focusing on PPP activities and is a new shareholder in the project.

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Beni Stabili Development S.p.A., wholly owned by Beni Stabili S.p.A. Siiq, announces the purchase dated today, from LaGare S.p.A., of the 31.8% of the share capital of Sviluppo Ripamonti S.r.l.; the remaining stake of 68.2% is owned by Beni Stabili Development Milano Greenway S.p.A., a company focused in real estate development projects in Lombardy which is held at 80% by Beni Stabili Development S.p.A. and at 20% by Greenway Costruzioni S.r.l. With this deal Beni Stabili Development S... [MORE]

Antoitalia, a company specializing in real estate services for corporate and private clients, has been appointed as exclusive agent by Investire Immobiliare SGR SpA to manage the sale of six properties owned by Fondo Immobili Pubblici- FIP. The six office properties are located in different cities in northern Italy: Turin, Treviso, Trieste, Cuneo and Gemona del Friuli (Udine). The portfolio includes both entire buildings and parts of properties for an overall area of 41,893 square meters. Three properties are vacant, whereas the other three are leased to the State Property Agency and... [MORE]

The extraordinary transaction aimed at the group equity strengthening, financial rebalancing and industrial relaunch has been approved
-The transaction also envisages a capital increase of 185 million euro in total, partly through rights issue (up to 115€/mln) and partly reserved (for 70€/mln), of which at least 100 €/mln to be subscribed cash, and the equity investment of the new industrial investor Feidos 11 with business management and development responsibilities
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In relation to the information leaked to and published in “La Repubblica”, in the article: “Prelios, agreement on the handing over to Caputi”, the Company hereby specifies that the negotiations for the definition of the agreements concerning the transactions aimed at the Company’s industrial re-launch and financial enhancement through recapitalization and a new balance in the financial structure -, already disclosed to the market on December 21, 2012, are still underway.

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After San Pietro all’Orto 6 Luxury Suites in Milan and Golden Palace Hotel in Turin, another symbol of Italian luxury hospitality becomes part of the Antoitalia group, the five-star luxury hotel Baia dei Faraglioni Beach Resort in Puglia (www.baiadeifaraglioni.it).
The Baia dei Faraglioni hotel sits on cliffs overlooking the sea on the Gargano peninsula (the heel of Italy). The bay is one of the most beautiful in Italy, in the heart of the Monte Barone Biogenetic Reserve and conservation area. The bay’s pebbly beach can be reached directly from the... [MORE]

A summary is provided below of Assoimmobiliare proposals for a real economic policy for the real estate infrastructure, similar to those arranged for other strategic industries in Italy, not least of which those for the transport industry.
From numerous, even recent, surveys it clearly emerges that “renewal of the Real Estate Industry” is increasingly becoming the key player in the real estate/building industry, so much so that it has become more important than new construction. This strengthens our conviction regarding what we have... [MORE]

Assoimmobiliare and AICI have started up a laboratory on the upgrading of stadiums as a new real estate and retail business frontier since sector communities are focusing their attention on the subject with projects under way or already launched on the international and domestic levels. The round table hopes to make public authorities aware of the issue so that they will seize opportunities to requalify sporting arenas by expanding their use beyond the purely competitive sporting events. This is possible by integrating trades, qualified food service and o... [MORE]

The Italian real estate industry association Assoimmobiliare has already set up a round table on the subject of town planning, and a laboratory in conjunction with the Italian chapter of the Urban Land Institute (ULI) has been formed to expand and fuel the works by identifying the best international standards.
Among other things, the Italian economic crisis has brought the backwardness of several of the country's essential sectors to light, and one of them is town planning. What is first and foremost necessary to achieve a... [MORE]

The Italian market therefore seems to be highly promising from the tourist real estate viewpoint, and this is why Assoimmobiliare - real estate industry association member of Confindustria (association of Italian industries) - and Associazione Italiana Confindustria Alberghi (AICA) have signed an agreement, with the aim of increasing the appeal of the country's tourist accommodation facilities.
Convinced that the revival of this crucial sector is one of the keys to the nation's economic revival, and that this is... [MORE]