The seller is the Iveragh Group, which completed the property in 2018 and has held it in the portfolio ever since. The purchase price is around 22.35 million euros.
Commerz Real has sold its Orio Center south of Bergamo and the adjacent NH Hotel. The center will go to a joint venture between a pan-European fund of Generali Real Estate and the local project developer Percassi Group and the hotel only to the Percassi Group.