Borgosesia to enhance MyCredit’s €145m real estate portfolio

Italian alternative asset manager Borgosesia has partnered with real estate credit and assets investor MyCredit to manage and enhance a €145 mln real estate portfolio in Italy.

Freccia Rossa building in Brescia

The collaboration will see Borgosesia involved in every facet of the valorization of the four assets, encompassing thorough due diligence, strategic planning and development, design, navigating the permitting process, and ultimately, successful divestment.
A significant portion of the properties included in the Borgosesia-MyCredit deal are located in the Brescia area, including the Freccia Rossa real estate complex.
The partnership with MyCredit represents a key component of Borgosesia's Strategic Plan to 2027, which focuses on expanding its assets under management and transitioning towards a business model predominantly focused on managing assets for external clients.
Davide Schiffer, CEO of Borgosesia, commented: "This agreement confirms our role as a strategic partner for operators who, like MyCredit, share the will to create value through structured and measurable paths. Today, we are adding another important piece to our transition path aimed at configuring ourselves as an Alternative Asset Manager, further implementing the Strategic Plan, and increasing our presence in selected real estate assets, to be developed quickly and with a view to sustainable returns."
Mirko Tramontano, CEO of MyCredit, added: "The agreement between Borgosesia and MyCredit provides a further degree of specialist expertise in the development of complex assets, both in size and functionality, with a clear multiplier of added value in terms of profitability on projects."