Prime Highlights
- Arrow Global acquired Milan-based developer Borio Mangiarotti.
- The deal strengthens Arrow Global’s real estate platform in Italy.
Key Facts
- Borio Mangiarotti was founded in 1920 and has completed over 500 buildings.
- Arrow Global is an alternative asset manager investing across European markets.
Background
Alternative asset manager Arrow Global is investing in the Italian real estate market by buying the Milan-based real estate developer and manager Borio Mangiarotti. There was no financial information made public about the deal.
The acquisition will help Arrow Global to strengthen its local operating platforms across Europe. The company will enhance its project sourcing, planning, development and project management skills in Milan, one of the top residential property markets in Europe, with Borio Mangiarotti’s entry into its portfolio.
Since 1920, Borio Mangiarotti has realized over 500 buildings, primarily in the region of Lombardy. The company has experience in residential development, urban regeneration, building construction and project management. It also established long-standing ties in the local market, and it has collaborated with institutional investors in several projects.
The acquisition will enhance its real estate investment identification and management capabilities and help it gain better control over project execution, said Arrow Global. The company’s existing robust operational model in Italy will benefit from Borio Mangiarotti’s local understanding as it expands.
Borio Mangiarotti said joining Arrow Global marks an important step in its growth journey. It is hoped that the partnership will bring together the knowledge of the local market and development skills of the company, combined with the investment capital, asset management expertise and broader European network of Arrow Global.
The platform is designed to provide high-quality residential and urban development projects and to provide more opportunities for institutional investors and business partners. The transaction also demonstrates how well Arrow Global is continuing to develop its real estate business by leveraging trusted local companies in key European markets.
