Kryalos Acquires Forum Palermo Shopping Center
Deal News | Nov 21, 2024 | White & Case
Global law firm White & Case LLP has advised Kryalos SGR on its acquisition of Forum Palermo, a prominent shopping center. The acquisition was executed through Kryalos's newly established Sun fund, a fund primarily backed by Hayfin Capital Management. This marks the first acquisition made by Sum. Forum Palermo, a significant commercial asset covering around 50,000 square meters, is situated approximately six kilometers southeast of Palermo's city center and comprises a shopping mall, a multiplex cinema, and an additional commercial structure named Baglio Villa. The White & Case team handling this transaction included partner Domenico Fanuele, local partner Davide Cavazzana, associate Camilla Zanetti, and lawyer Francesco Speciale.
Sectors
- Real Estate
- Investment Management
- Legal Services
Geography
- Italy – The Forum Palermo shopping center is located in Palermo, Italy, which is central to this transaction.
- United Kingdom – Hayfin Capital Management, a key participant in the acquisition through its subscription to the Sun fund, is based in the UK.
Industry
- Real Estate – The acquisition of Forum Palermo is a significant transaction in the real estate industry, highlighting investment in commercial properties.
- Investment Management – Kryalos, through its Sun fund, is exploring new opportunities in investment management for retail sector properties.
- Legal Services – White & Case LLP provided legal advisory services for the acquisition, showcasing the role of legal expertise in large-scale real estate transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kryalos SGR | Buyer | Company | An Italian asset management company that focuses on real estate investment and management. |
| Forum Palermo | Target company | Company | A major shopping center in Palermo, Italy, spanning approximately 50,000 square meters. |
| White & Case LLP | Legal Advisor | Company | A global law firm providing legal advisory services for the acquisition. |
| Hayfin Capital Management | Fund Subscriber | Company | A UK-based investment firm that manages funds supporting Kryalos's Sun fund. |
| Domenico Fanuele | Partner at White & Case | Person | A partner at White & Case LLP advising on the Kryalos transaction. |
| Davide Cavazzana | Local partner at White & Case | Person | A local partner at White & Case LLP involved in the transaction. |
| Camilla Zanetti | Associate at White & Case | Person | An associate at White & Case LLP who assisted in the transaction. |
| Francesco Speciale | Lawyer at White & Case | Person | A lawyer at White & Case LLP involved in advising Kryalos on the acquisition. |