Generali Re and Percassi Group acquired the Oriocenter

What was anticipated at the end of July has now taken shape. Generali Real Estate and Gruppo Percassi have concluded the acquisition - through a real estate fund set up and managed by Generali Real Estate Sgr - of the Oriocenter Shopping Mall from Commerz Real.

The fund that acquired the Oriocenter property is 50% owned by the Percassi Group and 50% by a pan-European fund under Luxembourg law specialising in dominant shopping centres managed by Generali Real Estate Sgr as investment manager.
The total value of the transaction is approximately EUR 470 million.

Percassi Group has been the property manager of the shopping centre since its opening in 1998 and will continue to do so. Generali Real Estate will act as asset manager of the shopping centre.

Located on the outskirts of Bergamo and connected to the Orio al Serio International Airport, Oriocenter is the first shopping centre in Italy in terms of surface area and breadth of offerings, as well as one of the largest in Europe. Its success led to an initial expansion in 2004, bringing the centre's surface area to 75 thousand square metres and the total number of shops to 200. Today Oriocenter covers 105 thousand square metres and houses 300 shops, including 57 food outlets, 2 food courts, 14 cinemas, a hypermarket and over 7 thousand parking spaces.

Thanks to this acquisition, Oriocenter, which recorded almost 12 million visitors in 2024, will be able to count on new resources and expertise, implementing innovative strategies to improve the customer experience and attract an ever-wider audience.