Zeta Investment Secures Acquisition of Milan Property
Funding | Jan 22, 2025 | Legal Community Italy
Simmons & Simmons has successfully advised Zeta Investment in the acquisition of a property located at Via Spadari 2 in Milan. This high-profile deal involved the purchase of the building, partially already owned by Zeta Investment, from Next Re Siiq, a real estate company listed on Euronext Milan. The transaction was executed for a total consideration of €45.5 million plus applicable taxes. Simmons & Simmons, led by partners Marco Palanca and Emanuela Molinaro, meticulously managed the multi-faceted deal, overseeing key processes such as due diligence, coordination with technical advisors, and negotiation of contractual documentation. Their legal team included professionals specializing in tax, real estate, and administrative law. On the selling side, Next Re Siiq was legally supported by Glg & Partners, who ensured a seamless transition with their structured approach.
Sectors
- Real Estate
- Legal Services
Geography
- Italy – The acquisition took place in Milan, Italy, involving Italian legal firms and a company listed on Euronext Milan.
- Milan – The property acquisition was located in Milan, a major city in Italy, where the transaction was centered.
Industry
- Real Estate – The article discusses the acquisition of a real estate asset located in Milan, indicating active participation in the real estate market.
- Legal Services – Simmons & Simmons and Glg & Partners provided legal advisory services for the transaction, a key element in the real estate acquisition process.
Financials
- 45,500,000 – The acquisition price paid by Zeta Investment for the property in Milan.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zeta Investment | Buyer | Company | Zeta Investment is the acquiring entity for the property in Milan. |
| Next Re Siiq | Seller | Company | Next Re Siiq is a real estate company listed on Euronext Milan, which sold the property. |
| Simmons & Simmons | Legal Advisor to Buyer | Company | An international law firm that advised Zeta Investment on the property acquisition. |
| Glg & Partners | Legal Advisor to Seller | Company | A legal firm that assisted Next Re Siiq in the property sale. |