Arrow Global Group: finalization of the acquisition of two properties in the Navigli district of Milan – Financecommunity

The SGT AREO Umbrella fund, managed by Sagitta SGR, with the support of Europa Investimenti, as advisor to the Fund, (for the sake of brevity, Arrow Global Group, a European alternative asset manager specializing in private credit and 'real estate) has finalized the purchase from two real estate funds managed by DeA Capital Real Estate SGR and Castello SGR of two properties forming part of the complex located in Milan, in the Navigli district, with a total area of ​​approximately 16,000 m2 .

JLL, Dils, SI – Studio Inzaghi, Yard Reaas, Asti Architetti, Planeta Studio Associato, J&A Consultants, Dentons and Studio Debernardi e Associati acted as advisors.

The properties will be transformed into high-end residential buildings for a total of around 150 apartments and parking spaces. They are located near the Naviglio Grande, in the district of the former Richard Ginori, an important example of redevelopment and valorization of a production area which today hosts renowned fashion, design and communication brands and which will soon be connected to the M4 Metro.

The two residential buildings will be built using the most advanced technologies as well as in compliance with ESG principles and sustainability certifications; they will also have a wide range of services and amenities for future owners. The purchase and development were financed by UniCredit.

With this urban regeneration project, the funds managed by Arrow Global Group believe they are responding to a need particularly felt in large cities, namely that of transforming the functionality of urban areas or disused properties, according to best practices in energy transition. and sustainability. .

Marco Grimaldi, Arrow Global, Country Manager Italy, commented: “I am proud to be able to announce this transaction which constitutes an important milestone for the Arrow group's real estate team in Italy, created just over a year ago, and marks a fundamental step in the growth of our activities in Italy, responding to the concrete needs of the local real estate sector, such as the need for regeneration of areas and entire neighborhoods.”

Donato Piscuoglio (in photo), The head of real estate at Arrow Global Italy added: “This is an important confirmation of the strategy adopted by the Arrow Global group in the Italian real estate market, which seeks opportunistic situations with added value, without therefore no foreclosure on the Italian real estate market. asset class, anticipating market dynamics.”

Claudio Nardone, Managing Director of Sagitta Sgr, continued: “I express great satisfaction with the teamwork carried out to finalize the acquisition. The operation allows the funds managed by SGR to expand their activities in the Italian real estate sector in which we believe it is possible to seize investment opportunities with an attractive risk-return profile.

He expressed his opinion on the project Luca Vaj, Director of Real Estate Investments of Arrow Global in Italy, who commented: “Once completed, the project will offer prestigious housing that can contribute to enhancing an area of ​​growing interest from citizens. The operation was carried out thanks to the extraordinary commitment and close collaboration of the different teams involved such as the real estate division of Europa Investimenti, assisted by the in-house legal team and the fund and transaction management team of Sagitta SGR”.

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