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Torre SGR close the finance operation for Torre Antica real estate complex deal

Posted: 16 May 2017

A real estate finance operation has been closed involving Torre SGR, managers of the AIV fund Torre Re Fund III – Value Added, whose main shareholder is Fortress LLC and whose minority shareholder is Redbrick, relating to the acquisition of the real estate complex Torre Antica in Rome for subsequent refurbishment as residential premise.

A part of the acquisition and renovation costs have been the subject of a medium to long-term loan granted by Banca Popolare di Milano SpA – Banco BPM group.