Capitalia's Fondi Immobiliari Italiani (Fimit) is acquiring Europe's largest holiday resort complex - the Forte Village - in Santa Margherita di Pula near Cagliari, Italy, for EUR 218 mln. The two companies agreed in February on the deal, whose amount had not been disclosed. Global investment bank Lehman Brothers is selling the Village to Fimit's retail fund Delta (50%), Beta (27%) and Gamma (23%). Italian private group Marcegaglia will take over the resort's management company which has received the World Leading Resort Award for nine consecutive years.

Capitalia's Fondi Immobiliari Italiani (Fimit) is acquiring Europe's largest holiday resort complex - the Forte Village - in Santa Margherita di Pula near Cagliari, Italy, for EUR 218 mln. The two companies agreed in February on the deal, whose amount had not been disclosed. Global investment bank Lehman Brothers is selling the Village to Fimit's retail fund Delta (50%), Beta (27%) and Gamma (23%). Italian private group Marcegaglia will take over the resort's management company which has received the World Leading Resort Award for nine consecutive years.

Built in the 1970s by UK's Trusthouse Forte, the complex is located on a 26-hectare site and includes seven luxury hotels with a total of 758 rooms, 20 suites, a shopping centre, 21 restaurants, and a 3,000 m2 conference centre. An average of 250,000 tourists visits the centre every year, providing revenues of EUR 60-70 mln per annum.

The Forte Village adds to other major acquisitions completed in the last months by Fimit, such as the Calaserena Village in Sardegna, Serene Village near Crotone, Serena Majestic Hotel & Residence near Pescara and Grand Hotel Ambasciatori near Bari.