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IDeA FIMIT closes deal for the Scarpellini Group’s Milano 90 portfolio

Posted: 20 September 2017

The deal that sees IDeA FIMIT SGR buying properties from Milan 90, a company within the group owned by Roman builder Sergio Scarpellini, has practically been closed.

The transaction is believed to be for €750 mln and to have been carried out via the Trophy value added real estate fund, whose shares are understood to have been subscribed by the York, Feidos and Tristan funds for €360 mln in addition to bank financing for €390 mln.