Catalyst Capital has acquired a portfolio of three supermarket units in Rome and a newly developed shopping centre in Bologna for its WCC Europe fund. Catalyst, a pan-European asset manager and development group, purchased the properties for EUR 84 mln from Di Mario Group/Dimafin.
Catalyst Capital has acquired a portfolio of three supermarket units in Rome and a newly developed shopping centre in Bologna for its WCC Europe fund. Catalyst, a pan-European asset manager and development group, purchased the properties for EUR 84 mln from Di Mario Group/Dimafin.
The main asset in the portfolio is the Bologna shopping centre, Galleria Levante, which opened in December 2007. Aside from the shopping centre, the property also includes 102 apartments and office space which has been let to the former site owner, the Italian automaker Fiat. The three Rome supermarkets are let to France's Carrefour Group and are located in Via Collatina, Via Roiti and Via Boezi.
The shopping centre portfolio is the second Catalyst has acquired from Dimafin for its WCC European fund. In 2006, Catalyst acquired a portfolio of assets from Dimafin for EUR 174 mln, although the transaction was only fully completed last year with the opening of one of the assets involved, Torrenova Shopping Centre located on the outskirts of Rome.
Catalyst said it will continue to look for further opportunities of this kind in Italy and the rest of Europe. Catalyst focuses its real estate activities in the UK, France, Germany and Italy and has growing interests in the Benelux and the major emerging markets of Central Europe.
