GWM Group acquires Da Vinci Market Central for EUR130m
GWM Group has completed the acquisition of the retail park Da Vinci Market Central in Rome from AIG/Lincoln for EUR130m.
Funds managed by the GWM Group completed the acquisition of MCF S.r.l. from AIG/Lincoln.
MCF is the owner of the retail park Da Vinci Market Central. Located in the Rome airport area, Da Vinci is the largest retail park in Italy with over 56,000 sq m of lettable area and in excess of 10 million visitors per year. The transaction has a value in excess of EUR130m and has been partially funded through the recourse to bank debt arranged by Natixis and ING.
The acquisition falls in GWM's strategy to acquire prime and well performing assets in Italy and across Europe and capitalise on the scarcity of investment capital available in the real estate sector.
The GWM Group is an independent financial services group established in Geneva more than 10 year ago, with over 100 employees and offices located in the major financial centres around the world. The group is active in the following main areas of businesses: (i) institutional and private wealth management, (ii) development and operation of renewable energy projects, and (iii) corporate governance consulting, shareholder transactions and institutional investor relations, through its affiliate Sodali.