MEROPE ASSET MANAGAMENT, sold the majority stake of the SPV that owns the asset located in Via della Spiga 5.24 Ottobre 2017
MEROPE Asset Management Rafforza il suo team d’investimento con l’ingresso del Principal Lorenzo Niccolini11 Aprile 2019
MILAN, 13th of September 2018
MEROPE ASSET MANAGEMENT, on behalf of the Special Purpose Vehicle “ATLANTE”, acquired a Real Estate asset called “Palazzo Bernasconi” located at the corner between Corso Venezia and Via Palestro in Milan.
The property has mixed Retail and Office use and a surface of around 4.000 sqm. The building is considered one of the major Trophy Assets in town.
The deal occurred through a double acquisition. The first portion of the asset was acquired from the NPL platform of BANCO BPM, while the second portion was acquired from CAMPAGNA & C. SPA. For MEROPE ASSET MANAGEMENT this investment is in line with its strategy of targeting high end properties in Milan and in Italy.
Commenting on the acquisition, Pietro Croce (MEROPE ASSET MANAGEMENT’s CEO) says: we are very pleased to have worked with BANCO BPM and CAMPAGNA & C. SPA to acquire this asset. Since we signed the preliminary agreement last December we worked for almost 10 months to reach the Closing and the final result.
The transaction was extremely complex and was possible thanks to the constant efforts of our team and our advisors.
Palazzo Bernasconi represents a Landmark in Milan. Together with our investors we are pleased to have it within our portfolio and proud for keeping such an important asset under Italian management.
The exposure to the Retail and Office sectors and the prime location and standing of this asset, are perfectly matching with our investment strategy and with the targets of our investors”.
MEROPE was advised by Dentons on the legal side and by Studio Associato Giancaspero & Carlucci on the Tax and Corporate side.