Reference shareholder
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.
The story in points
Foundation
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.
2017
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
2019
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:
