Arrow Global has acquired Italian real estate developer and manager Borio Mangiarotti to help strengthen its ability to originate and execute asset-backed investment opportunities in the country.
The alternative asset manager said the acquisition would deepen its Italian real estate platform by adding local origination, planning, project management and development capabilities in Milan.
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According to Arrow, the deal will give it greater control over sourcing, underwriting and executing asset-backed opportunities, while supporting growth across its existing Italian real estate and private credit business.
Borio Mangiarotti has completed more than 500 buildings, primarily across Lombardy, and specialises in residential development, urban regeneration and project management.
Arrow said the acquisition reflects its strategy of investing in local operating platforms to strengthen its European real estate business, adding that Milan remains one of Europe’s strongest residential property market.
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“Arrow’s investment model is built on combining discretionary capital with high-quality local operating platforms,” said Zach Lewy, founder, chief executive and chief investment officer at Arrow Global.
“Borio Mangiarotti adds deep origination, project management and development capability in Milan. This acquisition strengthens our differentiated local operating model in Italy and enhances our ability to originate and execute attractive asset-backed opportunities with greater control and consistency at scale.”
