Trade

IrgenRe enhances Maximall centres in Bari and Pompeii

For the two interventions, the Campania-based group obtained a loan of EUR 125 million from a pool of banks led by Unicredit

by Vera Viola

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

MaxiMall invests again in the two shopping centres in Bari and Pompeii. And it does so thanks to a loan of EUR 125 million provided by Unicredit with Bnl Bnp Paribas, Banca Mps, Banco Bpm and Intesa Sanpaolo.

The operations involve two assets of the IrgenRe/Negri group: on the one hand, MaxiMall Bari, a reality already stabilised in the Apulian urban context; on the other hand, MaxiMall Pompeii, the large hub built with an investment of 200 million and inaugurated in November 2024 in Torre Annunziata, on the border with Pompei, in a former industrial area once occupied by Tecnotubi-Vega and for decades in a serious state of neglect. An operation to which the Zes has given a strong boost. Not just a shopping centre, but rather a tourist hub, with entertainment and cultural areas, a hotel, restaurants, gyms.

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In detail, EUR 110 million is earmarked for Pompeii, most of which has already been committed by the owners and some of which is now earmarked for the completion and enhancement of the complex. In particular, the construction of a multimedia area dedicated to the Archaeological Park of Pompeii and its Domus is planned, which will be completed in July, as well as an expansion of the area dedicated to food. The infrastructure, which will cover an area of more than 53,000 square metres, will integrate commercial, entertainment, and hospitality functions in a tourist-intensive area close to the archaeological site. The expected spin-offs are significant: about 1,500 direct jobs and up to 2,500 overall, including allied industries, with widespread effects on trade, services and related activities. In Bari, on the other hand, 15 million will be invested in strengthening the asset. The centre, with about 15,000 square metres of gross leasable area, is one of the main commercial poles in the metropolitan area.

"The reinforcement of the MaxiMall assets represents a key step in consolidating our presence and supporting growth consistent with the evolution of the territories _ notes Paolo Negri, CEO of the IrgenRe Group _ highlighting the centrality of the financial balance in supporting long-cycle projects".

Ferdinando Natali, UniCredit's South regional manager, emphasises how 'credit, in this context, takes on an enabling function. It does not just support initiatives, but helps to structure development paths that generate employment and strengthen the local economic fabric'.

The transaction also reveals a positive cooperation between several operators that allows for the management of articulated operations, maintaining a balance between financial solidity and industrial perspective. It involved primary advisors: IrgenRe Bari was assisted by Hogan Lovells (partner Iacopo Canino, associate Giovanni D'Apollo), while UniCredit and BNL BNP Paribas used GA-Alliance (partner Angelo Alfonso Speranza, counsel Paola Sepe, associates Mario Emanuele Panu, Francesca Cattaneo and Matteo Cutuli) for the structuring and negotiation of the financial documentation and for the profiles related to the redemption of the previous issues, with the support of partner Carlo Cugnasca for the tax aspects. Loan Agency Services acted as agent.

For the Pompeii intervention, the banking pool was assisted by Gianni & Origoni (partner Matteo Bragantini), while IrgenRe Pompei was assisted by Hogan Lovells, with partner Iacopo Canino.

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