Banco BPM recently sold a securitised real estate portfolio worth EUR 295 million. The transaction, part of the strategy to reduce non-strategic real estate, involved Phoenix Asset Management as buyer. The law firm Ashurst acted as legal advisor to Phoenix, assisting in the transaction.
The real estate portfolio sold consists of assets located in various locations in Italy. This sale represents an important step for Banco BPM in the process of optimising its balance sheet by reducing its exposure to real estate assets that are not part of its core business. The sale is part of a broader strategy adopted by the banking group to improve efficiency and strengthen its financial position by getting rid of assets that are not considered central to its core business.
Phoenix Asset Management, the acquiring party, is a company specialising in real estate and financial asset management. Their experience in managing large real estate portfolios was decisive for the success of the transaction.
The law firm Ashurst supported Phoenix Asset Management in the acquisition process. Ashurst, with a long experience in the real estate and financial sector, ensured adequate advice to overcome the legal complexities of the transaction.
Future Prospects For Banco BPM, this sale represents a strategic move towards a more efficient management of non-strategic assets. The reduction in real estate exposure will allow the bank to focus on its core business, improving its capital and financial strength. From Phoenix Asset Management’s point of view, the acquisition represents an opportunity to increase its real estate portfolio and consolidate its presence in the Italian market. The purchase of these assets offers the possibility to enhance the value of the portfolio through restructuring or sale transactions, creating long-term value.
