TARGET in the acquisition of a development area in Ventimiglia (Italy) by real estate fund BDF

Deals | Achievements

TARGET, with partner Michele Malfitano, assisted the real estate investment fund BDF, managed by Namira SGR, on the tax profiles of the acquisition of a development area in Ventimiglia (Italy) from the group headed by Ferrovie dello Stato Italiane.
The acquisition of the 42,000 sqm area is aimed at creating Borgo del Forte, a campus featuring an international school with dormitories for teachers, students and athletes, a public park, a sports center and a space for events. The transaction is part of a wider urban regeneration project named “Marina di Ventimiglia”, for the creation of a new touristic destination, on the seafront, covering a total area of about 60,000 sqm and including, in addition to the international campus, a high-end hotel with gym, spa and restaurant and 130 luxury apartments (60 of which managed by the hotel), a restaurant and an upscale food & beverage center.
The BDF fund was also assisted by Legance – Avvocati Associati, with partner Gabriele Capecchi, on the M&A aspects of the transaction, and by Marina Development Corporation as project & development management advisor.

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