il Quotidiano Immobiliare
Duff & Phelps REAG is the technical advisor of Sonnedix in the acquisition of 28 photovoltaic plants
Duff & Phelps REAG, a leader in the advisory and valuation services, has supported Sonnedix, an independent solar power producer (IPP), with technical advisory services in the acquisition of a portfolio of 28 photovoltaic plants, with a total capacity of 53 MWp, from Italian renewable energy company Graziella Green Power S.p.A. Sonnedix used the Technical Due Diligence services of Duff & Phelps REAG for the assessment and mitigation of the technical risks associated with the acquisition of the plants. The...
AMPERE Gestion (CDC Habitat) and Swiss Life Asset Managers, Real Estate France announce the raising of €650 million in funding for the closing of Foncière Vesta.
AMPERE Gestion (a CDC Habitat subsidiary) and Swiss Life Asset Managers, Real Estate France, acting on behalf of a consortium of five institutional investorsannounced that it had successfully secured funding of €650 million for FoncièreVesta, with the support of joint arrangers Natixis and Crédit Foncier de France. This funding now closes the Vesta deal which covers a 128 buildings portfolio that includes circa 4,000 housing units. ...
Astaldi: the court authorizes a € 75 mln founding
Astaldi S.p.A. announces that it has received the authorisation to take out a loan of EUR 75 million, super senior pursuant to art. 111, Italian Insolvency Law. This loan is functional to the pursuit of the business continuity objective up to the deadline for filing the final proposal of composition with creditors. In particular, the loan is aimed at supporting corporate business operations, in order to benefit again of the cash inflows from the progress of work and thus to...
Generali Real Estate acquires large scale portfolio in France from Monoprix
Francia Generali Real Estate has completed, on behalf of two Generali Group entities, the acquisition of a portfolio of 53 assets operated by Monoprix, a French leading high street retailer, for approximately €600 million. This operation allows the company to further strengthen and diversify its presence in France by adding a portfolio that offers long term secured revenues and a well-balanced geographical diversification in prime locations, with around 47% of the value from assets located in Paris, 27% in Paris Region, and...
Astaldi: the Court grants deadline extension for proposal of credit composition
Roma Astaldi S.p.A. informs that, today, the Court of Rome granted the request for extending of 60 (sixty) days the deadline for the filing of the proposal of composition with creditors, the Company’s Plan and the related documentation required by law. Subsequently, the deadline for filing the final proposal of composition with creditors and the Company’s plan is deferred to 14 Februardy 2019....
Astaldi: application for new bridge finance
Italia Astaldi S.p.A. announces that it has submitted an application in order to be authorised, as a matter of urgency pursuant to art. 182-quinquies, subsection 3, Italian Insolvency Law, to take out a loan of EUR 75 million, super senior pursuant to art. 111, Italian Insolvency Law. This new bridge finance is functional to cover urgent financial requirements for corporate business operations up to the deadline for filing the final proposal of composition with creditors. This loan will be underwritten in...
CDP: 2019-2021 Industrial Plan approved
Italia Cassa depositi e prestiti Spa (CDP) Board of Directors has approved today the new Industrial Plan for 2019-2021. The Plan establishes the Group’s strategic targets and lines in the light of Italy’s main economic and social challenges, the great global trends (innovation and digitalisation, energy transition and climate change, developing countries and international trade, social changes) and the targets of the UN’s 2030 Agenda of sustainable development The new Industrial Plan establishes ambitious growth targets that the Group will pursue even through...
Turling, Ideal Standard: design in search of simplicity
Milano An important step for Ideal Standard that during the press conference held at the Milan Triennale, has announced the opening of an International Design Center for the company specializing in bathroom furniture. To explain the reasons for the Italian choice is the CEO Torsten Turling, who goes into the details of the partnership with Studio Palomba Serafini e Associati, where the goal is to mix simplicity with tradition through design, creating an impetus towards the future. For Ideal Standard, Italy...
Nomisma: turism in growth in 2017
Italia In a context of growth in tourist flows recorded in 2017 and expected for the current year, the holiday homes market marks a further increase of the houses’sale (+3.5% compared to the previous year). The further decrease in prices contributed to the recovery. The holiday homes segment shows an average yearly fall of 2.5% (compared to -2.3% recorded the last year)....
Maire Tecnimont aims at the Green Acceleration Project and launches “NextChem”
Italia Today, during the event “NEXTCHEM - Maire Tecnimont for innovation”, Maire Tecnimont presents its Green Acceleration project, and launches a new business unit through a dedicated vehicle, NextChem, which will manage 19 technological initiatives for the energy transition, to best address new market dynamics. Carbon Footprint reduction, Circular Economy, new bio-based products and feedtstocks: the energy industry paradigm is evolving, and subsequentely the reference market related to the energy transition sector is expanding, showing a compound annual growth...
Amundi: 9 first months and 3rd quarter 2018 Results
Italia On Friday 26th October, Amundi publishes its results for the first nine months of 2018, showing strong growth thanks to a high level of business activity, to good control of operating expenses, mainly attributable to synergies associated with the integration of Pioneer. Sharp improvement in results Over 9 months 2018, accounting net income1 stood at €663m, up by a sharp 40.5% compared with the first nine months of 2017, benefiting from the effects of the integration of Pioneer (consolidated as from 1...
Lane (Salini Impregilo Group) wins two U.S. contracts jointly worth $400m
Stati Uniti Lane, a U.S. subsidiary of the Salini Impregilo Group, has won two contracts in the road and water sectors in North Carolina and Tennessee for a combined worth of $400 million, further consolidating its leadership in the country. In North Carolina, Lane has been selected as “best value proposer” for a $346-million contract to design and build improvements to the I-440/US 1 from south of Walnut Street to north of Wade Avenue, including the widening of the interstate to six lanes...
Beni Stabili: the good dynamic of Milan continues
Milano Beni Stabili has published data on the performance of SIIQ in the Milan market for the first 9 months of the year. According to the good operating performance of the Milanese portfolio with 23 new contracts for 92 million euros of annualized rentals and gross rental income of 158.1 million euros (up from 152.4 million a year ago) . (...) Press Release...
Generali Real Estate acquires prime commercial building in Madrid
Madrid Generali Real Estate S.p.A. ha completado, en nombre de Generali Group GEIH (Generali Europe Income Holding) Fund, la adquisición de un activo comercial mixto en el centro de Madrid. Dating back to the second half of the nineteenth century, Arenal Cuatro is located in one of the city‘s busiest tourist and commercial streets, Calle del Arenal, in close proximity to Puerta del Sol. The property spreads over 8 floors for a total surface of 3,600 square metres, with high street retail spaces...
Eracle Fund awarded at the MSCI European Property Investment Awards 2018
Italia Eracle Fund, a closed-end fund managed by Generali Real Estate S.p.A. - Società di Gestione del Risparmio (GRE SGR) and targeted at institutional investors, was awarded for the sixth time in a row as the Best Balanced Fund in Italy at the MSCI European Property Investment Awards 2018. (...) Press Release...
Generali RE: negli opened Unieuro logistica Hub in Piacenza
Unieuro S.p.A. and Generali Real Estate, one of the leading asset management companies in the world, today in the presence of the city Authorities, opened the new 104,000 sqm Unieuro central distribution hub situated within Piacenza’s logistics hub ‘Le Mose’, and managed by Generali Real Estate S.p.A. Società di Gestione del Risparmio. The new plant - the heart of Unieuro’s centralized business model, a unique example in the domestic consumer electronics market - will be regulated by a long-term lease agreement...
AEW acquires €22mln prime high street asset in Rome on behalf of Europe City Retail Fund
Roma AEW announces the acquisition of a prime high street asset located on a key shopping street in central Rome on behalf of the Europe City Retail Fund (the “Fund”). The €22mn investment marks the Fund’s second acquisition in Rome and its fourth in the Italian market, where the value of the Fund’s assets now exceeds €100mn. The asset, which is on the prestigious Via del Corso, has been acquired from a private seller. Having previously been occupied by H&M, the...
CDP: appointed General Manager, CFO, and Manager in charge of financial reports preparation
Roma Cassa depositi e prestiti Spa (CDP) communicates that its Board of Directors, meeting today, has approved: the appointment of Fabrizio Palermo as General Manager in addition to his current role as Chief Executive Officer; the appointment of Paolo Calcagnini as “Manager in charge of preparing the company’s financial reports”, in accordance with art. 154-bis of Italian Legislative Decree 58/1998. Paolo Calcagnini, in CDP as head of Planning and Control since 2015, will assume the role of Chief Financial Officer....
Generali Real Estate enters Nordics property market with Copenhagen acquisition
Danimarca Generali Real Estate S.p.A. has completed, on behalf of Generali Group’s GEIH (Generali Europe Investments Holding) Fund, the acquisition of a prime high-street retail asset in central Copenhagen. This transaction marks the first direct asset acquisition ever closed by the company in the Nordics real estate market. Købmagergade 39 is a prominent high street retail corner building with a small residential component, located in one of the most prestigious shopping streets of the Danish capital. Built in 1780 and recently fully refurbished, it...
Astaldi: resolution on the company's performance and capital financial strengthening plan announced by the company
Italia Astaldi informs that the delay in the sale process of the Third Bosporus Bridge due to the political and economic/financial events that recently affected Turkey during 2018, has required the adjustment of the entire capital and financial strengthening Plan - presented to the market and consisting among others of the capital increased already approved by the shareholders’ meeting and of the disposal of concession assets - in order to take into account the effects resulting from the delayed planned cash-in....
Meyer Bergman Acquires ‘Last-Mile’ Logistics Portfolio in northern Italy
Italia Meyer Bergman, the private equity real estate investment manager, has taken its first step into the rapidly growing ‘last-mile’ logistics sector by acquiring a portfolio of nine properties in northern Italy from private developer Logiman on behalf of its latest fund. The terms of the transaction are not being disclosed. Meyer Bergman European Retail Partners III has acquired three developed warehouses and six build-to-suit warehouses currently under construction to be completed in 2019. The properties comprise a total of 45,000 sq.m....
Gradual improvement Italian's NPL
Italia In more recent times, the financial situation of households continued to follow a positive trend, thanks to the strengthening of the real economy. The increase in real disposable income, the improvement in the job market and the containment of debt costs as a result of low interest rates, has painted a more favorable picture and led to a positive climate of confidence. The expansion of the debt, linked also to the recovery of real estate market in the last two years, however,...
Astaldi sign closing on the sale of its 59,4% stake I the new hospital in Mestre concession
Venezia Astaldi S.p.A. informs that it has signed the closing on the sale of its 59.4% stake in Veneta Sanitaria Finanza di Progetto S.p.A., the concession holder for «Ospedale dell’Angelo» in Venice-Mestre, Italy (also known as the New Hospital in Mestre). The transaction amount is in line with the amount indicated in the concession asset disposal program described in the 2018-2022 Strategy Plan of the Group and with the book value. (...) Press Release...
Holiday homes market marks increase
Italia In a context of growth in tourist flows recorded in 2017 and expected for the current year, the holiday homes market marks a further increase of the houses’sale (+3.5% compared to the previous year). The further decrease in prices contributed to the recovery. The holiday homes segment shows an average yearly fall of 2.5% (compared to -2.3% recorded the last year). Umbria is the region that marks the most intense decline (-4.5%), followed by Abruzzo, Lazio and Sardinia. The average price...
Maire Tecnimont provisionally awarded USD 248 MN LPG project by Sonatrach in Algeria
Algeria Maire Tecnimont S.p.A. announces that its main subsidiary Tecnimont S.p.A. has been provisionally awarded by the Direction Centrale Engineering & Project Management of SONATRACH an EPC (Engineering, Procurement and Construction) contract for the execution of the “LPG Train 4 – ZCINA Hassi Messaoud” project, to be implemented inside the existing ZCINA Facility, located in the Hassi Messaoud area, in central Algeria. The overall Contract value equals to USD 248 million, under a multicurrency basis. The Contract is under a Lump Sum...
Rekeep SpA approves the Consolidated Half-year Financial Report
Zola Predosa The Board of Directors of Rekeep S.p.A. (“Rekeep”), formerly Manutencoop Facility Management S.p.A., chaired by Giuliano Di Bernardo, approved the Consolidated Half-year Financial Report at 30 June 2018, which shows a significant rise in revenues (+2.4%) and in the order backlog (New contracts and Renewed existing contracts: +132%; Total Portfolio of Tendered contracts and Renewed existing contracts: +2.5%). “We are pleased with our performance in the first half of 2018, which shows a significant rise in Revenues with an upward trend...
Generali Real Estate’s Fen Court reaches practical completion
Londra Generali Real Estate is pleased to announce the practical completion of Fen Court, the 40,000 sq mt, 16 storey office and retail development that includes 10 Fenchurch Avenue, One Fen Court and 120 Fenchurch Street. Designed by Eric Parry Architects, Fen Court is a prime example of Generali Real Estate’s exceptional development portfolio. Generali Real Estate was supported by development managers CORE & Greycoat to create a building that, combining office and retail space, a roof-top restaurant and new areas of public...
Germany: HPM wins property management mandate for Generali RE portfolio
Germania Generali Real Estate, the real estate asset management arm of Generali Group, just awarded the property management of its northern Germany portfolio to HIH Property Management GmbH. The mandated covers 32 properties of the use types office and residential while also including two shopping centres, the assets being located in Berlin, Hamburg and Schwerin. Effective date of the contract is 01 January 2019. “The portfolio has a volume of c. 1 billion euros and represents one of the largest separate...
Generali Real Estate acquires landmark office building in Warsaw
Varsavia Generali Real Estate, on behalf of Generali Group’s GEIH fund, has completed the acquisition of Plac Małachowskiego, a prestigious office building located in central Warsaw, from Europa Capital. Located in one of the most prestigious areas of Warsaw, next to the Świętokrzyska Street and at a walking distance from the Old Town, Saski Park, the National Opera and many government buildings and corporate headquarters, Plac Małachowskiego was built in 1907 and then fully renovated in 2013.(...) GRE Press Release Europa Capital Press Release...
CDP: the new Board of Directors met today for the first time
Paganetto and Palermo have been appointed Vice Chairman and CEO
Roma The new Board of Directors of Cassa depositi e prestiti Spa (CDP) – appointed by the Shareholders’ meeting held on July 24, 2018 – met today for the first time, chaired by Massimo Tononi. The Board of Directors appointed Luigi Paganetto as Vice Chairman and Fabrizio Palermo as Chief Executive Officer of the company. Fabrizio Palermo, currently also Chief Financial Officer of CDP, will keep his duties as Manager in charge of preparing the Company’s financial reports on interim basis, until the...
Maire Tecnimont: announces H1 2018 consolidates financial results
Italia Today Maire Tecnimont S.p.A.’s Board of Directors has reviewed and approved the 2018 Half Year Report, which reports a Net Income of €59.9 million. Maire Tecnimont Group Revenues were €1,830.6 million, up 10.7%. This increase is related to the progress of projects in the backlog, mainly EPCs, that are in their construction phase. Business Profit was €138.1 million, up 4.8%. The Business Margin was 7.5% versus 8.0%. The change in marginality is related to the progress of the projects in the...
AXA IM - Real Assets acquires high-street retail asset in Bologna
Bologna AXA Investment Managers - Real Assets, acting on behalf of CNP Assurances, has completed the acquisition of a prime high-street retail asset in the heart of the historical city centre of Bologna, Italy. The recently refurbished property is comprised of two adjoining classical buildings with a total surface area of 2,300m², spread over three floors. Each of the respective properties is fully let on a long lease contract to leading international retail brands. The purchase price was not disclosed. The asset...
CDP: Shareholders’ Meeting appoints new Board of Directors
Roma The Shareholders’ Meeting of Cassa depositi e prestiti Spa (CDP) today appointed the new Board of Directors for the financial years 2018, 2019 and 2020. New appointed Directors are: Massimo Tononi (Chairman), Fabrizio Palermo (designated as Chief Executive Officer), Luigi Paganetto (designated as Vice Chairman), Fabrizia Lapecorella, Fabiana Massa Felsani, Valentino Grant, Francesco Floro Flores, Matteo Melley and Alessandra Ruzzu. The Shareholders' Meeting, in wishing the new Directors all the best for their appointment, thanked the outgoing Directors for the results achieved....
Beni Stabili approved the H1 2018 results
Italia Beni Stabili presented the results for the first half of 2018. Among the expectations there were the news concerning the merger with FdR, whose name will change in Covivio, whose extraordinary meeting will meet on September 5th. With regard to the SIIQ results, the highlights for the first half of 2018 show gross rental revenues of € 104.5 million, up from € 101.9 million in 2017, and real estate assets with a value of 4.39 million, this also growing compared to...
Maire Tecnimont: new polypropylene plant inaugurated in Baku
Azerbaigian Fabrizio Di Amato, Maire Tecnimont Chairman and majority shareholder, and Pierroberto Folgiero, Maire TecnimontGroup CEO, proudly welcomed President of Italian Republic Sergio Mattarella, and President of the Republic of Azerbaijan,Ilham Aliyev, in the occasion of the official opening of the new polypropylene plant inside the petrochemical complex of Sumgayit, 30 km north of Baku, in Azerbaijan. Maire Tecnimont Group – through its subsidiary Tecnimont e KT-Kinetics Technology – has developed two projects for the client SOCAR POLYMER in Sumgayit, subsidiary of...
Maire Tecnimon: new awards for a total amount of USD 730 million
Italia Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several new awards and additional works of existing contracts for a total amount of USD 730 million for licensing, engineering services and Engineering, Procurement & Construction services. These contracts have been awarded by some of the most remarkable international clients located in Europe, Middle East, South East Asia and Americas. Among the new acquisitions, Tecnimont S.p.A. has been awarded an EPC contract by Abu Dhabi Polymer Company (Borouge) for...
Maire Tecnimont buys its own shares and completes the buy-back plan
Italia Maire Tecnicmont has announced to have acquired on the Telematic Stock Exchange Market (MTA) organized and managed by Borsa Italiana S.p.A., in the period from 4 July 2018 through 10 July 2018 inclusive, total no. 663,721 of treasury shares (corresponding to 0.20% of the total number of ordinary shares), at a weighted average price of Euro 4.254 for a total counter-value of Euro 2,823,345.16. Press release...
The Rekeep Group acquires 60% of Medical Device S.r.l.
Zola Predosa Rekeep S.p.A., formerly Manutencoop Facility Management S.p.A., which is the leading Italian player active in the integrated facility management sector, announces that it has acquired, through its wholly-owned subsidiary Servizi Ospedalieri S.p.A., a quota of 60% of the capital of Medical Device S.r.l.. The company is specialised in the production of procedure kits for the healthcare sector, i.e. single-use packs containing all the instruments required for surgical interventions, both for operating rooms and for surgeries or specialist departments. The transaction, which...
Nomisma: loans to households for purchasing houses drops down
Italia In Italy, the amount of bank loans to households for purchasing houses reached € 47.8 billion in 2017. Compared to the € 49.7 billion in 2016, the drop is 4.0%, far away from the annual increase of 20.6% tested in 2015. First quarter consolidated data, recently published by the Bank of Italy, shows a volume of disbursements equal to 11,176 billion euros (-5.1% on a trend basis). In view of this, total loans for the first half of 2018 are estimated...
Manutencoop Facility Management officially becomes Rekeep S.p.A.
After the registration with the Companies’ Register of Bologna, the new corporate name becomes effective
Italia Following the press releases published on 9 May and 25 June 2018, it is hereby announced that the minutes of the extraordinary meeting of shareholders of Manutencoop Facility Management S.p.A., approving the new corporate name (“Rekeep S.p.A.”), have been registered today with the Companies’ Register of Bologna. Therefore, the new corporate name is effective as of 2 July 2018....
CDP: Shareholders’ Meeting approves 2017 financial statements
Italia The Shareholders’ Meeting of Cassa depositi e prestiti Spa (CDP) today approved the financial statements as of 31 December 2017, with a net income of € 2,203,445,268. A dividend of € 1,345,159,412.96 will be distributed to Shareholders. The appointment of the new Board of Directors has been postponed to a later Shareholders’ meeting to be called on 13 July 2018. The Extraordinary Shareholders’ meeting approved the modification of the Articles of Association regarding the expansion of CDP’s financing modalities relative to its...
Astaldi shares capital increase for 300 mln
Italia The Extraordinary Shareholders’ Meeting approved, pursuant to Articles 2328 and 2346 of the Italian Civil Code, the elimination of the expressed par value of ordinary shares in circulation and the subsequent amendments to Article 6 of the Bylaws. This resolution, approved in the context of the Company’s planned capital strengthening, allows greater flexibility in transactions relating to the share capital. The Shaholders’ Meeting also resolved to grant the Chairman and CEO on behalf of the Board of Directors, severally and...