We’re excited to announce that OMERS and DWS Group have signed an agreement to acquire 100% of Grandi Stazioni Retail S.p.a. Grandi Stazioni Retail manages the entirety of commercial and advertising spaces in 14 of Italy's major railway stations and hubs for the high-speed rail network, which collectively receive over 800 million visits a year. The stations include over 800 commercial units, totaling around 190,000 Sqm of leasable space, and over 1,800 media assets. Michael Hill, Executive Vice President and Global Head of Infrastructure, OMERS said: “We are delighted to be partnering with DWS to acquire Grandi Stazioni Retail. The acquisition is highly consistent with the OMERS Infrastructure strategy and will be an excellent complement to our world-class portfolio of infrastructure investments.” Alastair Hall, Head of Europe, OMERS Infrastructure, said: “We’re delighted to acquire Grandi Stazioni Retail, which marks our entry into Italy and further expands OMERS presence in Europe. The investment presents us with an exciting opportunity to grow our exposure to the resilient and dynamic European rail sector. We are hugely impressed by Grandi Stazioni Retail’s management team, their commercial strategy and successful track-record of growth.” The investment becomes our 19th in Western Europe and 14th transportation asset globally. Congratulations to Luca Lupo and the full team involved! The full media release is here: https://lnkd.in/gsdEVXRq
Congratulazioni! Bellissimo investimento in 🇮🇹 Italia. Bravi
Principal at Oliver Wyman
7moCongrats Luca Lupo and team!