Mi.To Real Estate Fund picks up two residential properties in Milan

The Mi.To Real Estate Fund, co-managed by Green Arrow Capital and Crea.Re Advisory, has acquired two properties in Milan, Italy. 

Milan assets - MiTo Fund

This transaction, valued at over €50 mln, increases the Fund's total investments to seven.

Co-investors include three funds managed by Finint Investments and a prominent Italian family office, which is already an investor in the Mi.To Fund.

The trophy asset, located at Via Vivaio 24, is a six-storey, 3,800 m2 freestanding building in Milan's prestigious Quadrilatero del Silenzio residential area. It features 22 residential units, with planned renovations for common areas and fractional sales of the units.

The second asset, a four-storey, 2,600 m2 freestanding building at Via Paracelso 6 in the Loreto/Città Studi area, comprises 14 residential units, two offices, and six commercial spaces. This property will also undergo common area renovations and fractional sales.

Andrea Tessitore, founder of Crea.Re Group, together with Simone Pansa, commented: "We are particularly proud to announce this investment in the 'Quadrilatero del Silenzio', one of the most sought-after residential areas in Milan, and in Via Paracelso, a strategic area near Loreto/Città Studi. This transaction combines our group's origination expertise in the core areas of Turin and Milan with a sophisticated financial structure, thanks to the professional skills of the Crea.Re Advisory team."

Alessandro Di Michele, partner and general manager of Green Arrow Capital, stated: "The acquisition of this trophy asset in Milan perfectly reflects the Mi.To Fund's objective of offering its investors double-digit returns, risk diversification, and the possibility of direct investment in specific transactions, best interpreting the 'Club Fund' concept underlying the fund's strategy."

Green Arrow Capital is an Italian alternative asset management platform with over €2 bn in AUM. Crea.Re Advisory specialises in identifying and structuring real estate investments that align with the Fund's size and return targets.

Banco BPM provided the primary financing, with Finint Investments SGR and a prominent Italian family office also participating. K&L Gates advised the Special Purpose Vehicle on legal matters, Legance provided legal advice to Banco BPM, and RYZE conducted the technical assessments and property valuations.