Ashurst has advised a reserved fund managed by DeA Capital Real Estate Sgr, on the sale of a real estate portfolio of over 45 telephone exchange buildings, located on the Italian territory and entirely leased to a telecoms operator, to the Polvanera fund.
The transaction is part of a broader acquisition with a total value of more than €40 million, which will be completed by the end of the first quarter of 2020.
DeA Capital Real Estate SGR S.p.A. is the Real Estate Fund Management Company leader in Italy with a market share of a 22.5%. The Company manages 9.5 bln euro assets in 48 real estate funds 2 of which are listed on the Italian Stock Exchange MIV segment.
The Ashurst team was led by partner Andrea Caputo (Picture) assisted by Vincenzo Esposito.
Law Firms: Freshfields Bruckhaus Deringer LLP;
Clients: DeA Capital Real Estate SGR S.p.A.;