Italy’s Real Estate weekly round-up. News from Covivio, Nextalia, Ginobbi, Castello, and more

Covivio Hotels, a subsidiary of Paris-listed Covivio whose main shareholder is the Del Vecchio Family, signed with Invest Hospitality a sale and leaseback deal involving four Milan based high-end hotels for 217 million euros (see here a previous post by BeBeez). The 21-year leases rental yield is of 6% and with a target of up to 7%, that provide for a guaranteed minimum payment with share of the hotels’ revenue. The assets will soon get LEED Gold/BREEAM In-Use Very Good certifications.

Nextalia fetched 100 million euros out of the sale of four real estate assets to Ginobbi, Castello and other investors (see here a previous post by BeBeez). Ginobbi received the financial support from Banca del Fucino and another undisclosed firm for purchasing Palazzo Scanderbeg, a 15th century trophy asset close to Trevi Fountain in Rome, that Nextalia acquired in 2024 from Unicredit, Intesa Sanpaolo and Fondazione Montepaschi, lenders to Gruppo Toti. Banca del Fucino and the other company hired Legance. Federica Schiavo is the head of M&A and Business Development of Ginobbi. Nextalia also sold to Castello Rome’s Teatro delle Arti, in Via Sicilia. This asset is the underlying of the firm’s investment in notes of the securitisation vehicle Kronos SPV. The buyer carried on the deal through Rome Hotel Development Fund for which Gemini Grupè and other Nordic firms act as lead investor. Domenico Giusti is the buyer’s head of Business Development. The third transaction concerns the sale of a Florence logistics asset that was part of the property portfolio securing the receivables that Nextalia acquired in 2025 from Gruppo Basso. This deal follows the disposal of Retail Park Faentina to FLE Italia Sicaf. Leonardo Adessi is the chief Investment Officer Credit of Nextalia, a firm that Francesco Canzonieri created. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Nextalia and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager