Finleonardo, a family-owned real estate property company, has a portfolio of more than 50 assets with a total asset book value of over €500 million.
Amundi Group is a French asset manager leading in Europe with over €1,000 billion in assets under management. Amundi Group is listed on the Euronext stock exchange with a market cap of approximately €13 billion as of March 2018.
The transaction envisages the sale by Finleonardo to an Italian real estate fund managed by Amundi Real Estate Italia SGR (a subsidiary of Amundi Group) of two trophy real estate assets in Milan and Rome for total consideration of €210 million. In particular, the Milan asset is an air-ground building located in Corso Matteotti and leased to Abercrombie & Fitch and Ferragamo, while the Rome asset is a retail asset located in Via del Corso and leased to Guess.
The transaction closed on February 27, 2018, after a competitive procedure launched in June 2017, which involved over 100 primary global and national investors.
Leonardo & Co. in association with Houlihan Lokey served as the exclusive sellside advisor to Finleonardo, assisting the client in marketing, structuring, and negotiating every aspect of the deal. This transaction, extremely visible for the quality of the assets involved, confirms the firm’s strong presence in the Italian real estate sector.