To Kryalos the Poseidon shopping centre in Palemo for 56 million

Kryalos Sgr has finalised, on behalf of Fondo Urania, the acquisition of the Poseidon shopping centre, a retail asset located in Carini (Palermo). Inaugurated in 2010, it covers a total area of approximately 26,000 sqm of gross floor area and hosts over 75 commercial units, including a Decathlon and a food anchor represented by the Decò hypermarket of approximately 7,200 sqm. According to rumours, the value of the transaction is approximately EUR 56 million.

The transaction is part of Fondo Urania's strategy to consolidate its retail portfolio through the acquisition of income-producing assets with solid operating fundamentals and potential for further enhancement. Concurrently with the closing of the transaction, Kryalos Sgr finalised the refinancing of Fondo Urania through a total loan of EUR 107.5 million, granted by UniCredit.

"The transaction strengthens the portfolio with a quality retail asset," said Gianluca Vairani, senior managing director transaction management and head of Esg at Kryalos Sgr. "The acquisition of Poseidon and the refinancing with UniCredit confirm our ability to structure complex transactions and create value with active management.