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

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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