Alternative asset manager Arrow Global has expanded its Italian real estate footprint with the acquisition of Milan-based developer and manager Borio Mangiarotti for an undisclosed sum.
The acquisition of the century-old firm adds local origination, planning, project management and development capabilities in Milan, supporting Arrow Global’s strategy of investing in local operating platforms across Europe.
Established in 1920, Borio Mangiarotti has delivered more than 500 buildings, primarily across Lombardy, and possesses extensive experience in residential development, urban regeneration, project management, and construction.
The business also brings deep local market relationships and a proven track record of partnering with institutional capital, Arrow Global said.
Zach Lewy, founder, CEO and CIO at Arrow Global, said: “Arrow’s investment model is built on combining discretionary capital with high-quality local operating platforms. Borio Mangiarotti adds deep origination, project management and development capability in Milan, one of Europe’s strongest residential markets.
“This acquisition strengthens our differentiated local operating model in Italy and enhances our ability to originate and execute attractive asset-backed opportunities with greater control and consistency at scale.”
Edoardo de Albertis, CEO of Borio Mangiarotti, said: “Joining Arrow marks an important step for Borio Mangiarotti. Arrow shares our long-term conviction in Milan and brings a highly complementary institutional platform.
“Combining Borio Mangiarotti’s local market knowledge and execution expertise with Arrow’s capital, asset management capabilities and broader European reach creates a strong foundation for future growth and the delivery of high-quality outcomes for institutional investors and partners.”
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