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Benson Elliot takes Italian investment play to €500m plus with Bolgna mall buy

Benson Elliot, the UK-based private equity real estate fund manager, has continued its drive into the Italian markets CoStar News can reveal, buying Centro Commerciale La Meridiana, a circa 350,000 sq ft shopping centre in Bologna, Italy, via the acquisition of 100% of the share capital of Raptor Srl, the owning SPV. Meridiana was purchased from TMW Immobilien Weltfonds, an open-end global real estate fund controlled by CACEIS Bank Deutschland GmbH (depository bank).
CoStar News
April 28, 2016 | 7:30 P.M.

Meridiana is a 35,000 sqm shopping centre anchored by an Esselunga hypermarket (which is not included in the transaction),Virgin Active fitness centre, nine-screen UCI Multiplex cinema, OVS and Unieuro. Other tenants include Benetton, Sephora and Sisley.

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