Publications

Transactions

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Benson Elliot buys Italian shopping center

by Andrea Waitrovich

Benson Elliot has acquired Centro Commerciale La Meridiana, a shopping center in Bologna, Italy, from TMW Immobilien Weltfonds, an open-end global real estate fund controlled by CACEIS Bank Deutschland GmbH. Meridiana was purchased through the acquisition of 100 percent of the share capital of Raptor Srl, the owning special-purpose vehicle, and terms of the transaction were not disclosed.

Meridiana is a 376,737-square-foot shopping center anchored by an Esselunga hypermarket (which is not included in the transaction), Virgin Active fitness center, nine-screen UCI Multiplex cinema, OVS and Unieuro.

Bologna is the capital of Italy’s Emilia-Romagna region. For its Italian exposure, Benson Elliot has acquired six properties across the country’s four largest economic regions (Lombardy, Lazio, Veneto and Emilia-Romagna). Benson Elliot’s Italian investments to date represent value of more than €500 million ($567 million), and include the Westin

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?