Founded in Milan in 1977 and currently based in Rome, Next Re SIIQ S.p.A. is a listed real estate investment company (“SIIQ”).
The value of real estate assets in 2021
years since its foundation
A unique story
Since 2020, the company has been controlled by CPI Property Group, a major international group with headquarters in Luxembourg and shares listed on the Frankfurt Stock Exchange. With over 10 billion euros in assets, it is one of the leading real estate players in Berlin and the Czech Republic.
Nova Re S.p.A. was established on 17 November 1977, with its registered office in Milan. It operates in the fields of real estate development.
Entry of Sorgente Sgr
The Tintoretto Fund, managed by Sorgente Sgr, acquires the majority stake in Nova Re (80.29%) held by Aedes SIIQ and launches the takeover bid.
Capital increase (€ 69.5 mln)
First capital increase completed, including:
- € 47.5 mln through the contribution by Sorgente Group of a real estate portfolio (GAV of € 128 mln) - € 22 mln in cash
New business plan
Approval of the 2020-2024 Business Plan, which envisages significant growth in size achieved through two capital increases, the rationalisation of certain cost items and the optimisation of the financial structure.
Capital increase (€ 26.0 mln)
CPI Property Group completes a second capital increase including approximately € 26 mln in cash to acquire 50% plus one share of Nova Re's share capital and launches the takeover bid.
NEXT RE SIIQ is associated with:
NEXT RE SIIQ S.p.A.
Company subject to the management and coordination of CPI Property Group S.A.
Via Zara, n. 28 - 00198 Rome (Italy) Share Capital € 63.264.527,93 VAT Number 00388570426