Rödl & Partner advises VERIANOS SE on its acquisition of a real estate asset in Milan

Milan, 16 June 2023: VERIANOS is further expanding its portfolio with two property acquisitions, thereby strengthening its presence in Europe. The first property is a modern office building that has been refurbished to a high standard. It is located in a highly demanded location in an up-and-coming business district in Milan. With this investment, VERIANOS is expanding its activities in the Italian market. The purchaser was assisted in the transaction by Rödl & Partner with a team led by Partner Claudio Finanze and Manager Paolo Zani, who handled the tax aspects of the transaction, the due diligence and the drafting of the tax clauses in the contracts. The team has extensive experience in extraordinary transactions in the real estate sector.

Another office property was acquired in Valencia. The listed building is located in attractive proximity to the harbour and is very well suited for conversion into touristic use.

"The notarisation of both properties underlines our approach as an anti-cyclical investor," says Tobias Bodamer, Managing Partner of VERIANOS SE. "Especially in a difficult market environment, we are prepared to react quickly and with agility to investment opportunities as they arise and are currently in various further acquisition reviews in our core markets in Germany, Spain and Italy."

Despite the challenging market environment, the funds managed by VERIANOS have stable valuation reserves. The open market value of all properties held in the group's regulated funds rose more than 25% above the cost value at the reporting date of 31 December 2022. This constitutes a further increase compared to the previous year's value.

About VERIANOS SE

VERIANOS is a real estate advisory and private equity firm that acquires assets with high value creation potential in Europe together with long-term oriented private investors. VERIANOS specializes in value and impact investments in the small and medium-sized company segment (individual asset volumes between EUR 2 and 25 million).

Advisors VERIANOS SE

Rödl & Partner Italy

Claudio Finanze, Partner, Milan, Project Leader – Tax

Paolo Zani, Manager, Milan – Tax