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Banca IFIS S.p.A.

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LandItalien
SektorFinans
IndustriÖvriga finansiella tjänster
Banca IFIS S.p.A., through its subsidiaries, engages in trade receivables, corporate banking, leasing, NPL area, and tax receivables businesses in Italy and internationally. The company offers factoring solutions, including non-recourse/recourse, export/import, direct/indirect, and maturity factoring; outright purchases; advances on future receivables; and advances for the acquisition of certified receivables. It also provides corporate banking products, such as medium/long-term and structured finance; equipment and vehicle leasing, as well as equipment rental services; and short- and medium-term financing and trade receivables support for health services’ suppliers. In addition, the company acquires/sells and manages portfolios of non-performing loans; and collects direct and indirect taxes and tax receivables. Further, it engages in retail funding business by offering Rendimax, an online savings account for individuals, companies, and insolvency proceedings; and Contomax, an online crowd current account. The company was founded in 1983 and is based in Venice, Italy. Banca IFIS S.p.A. is a subsidiary of La Scogliera S.p.A.
Banca IFIS sells property located on Corso Venezia in Milan to Merope A.M. for 50.5 million euro
2019-11-29 16:49:05

 


PRESS RELEASE

Banca IFIS sells property located on Corso Venezia in Milan to Merope A.M. for 50.5 million euro

Mestre (Venice), 29 November 2019 – Today Banca IFIS signed an agreement with Merope Asset Management for the sale of a property located at Corso Venezia 56 in Milan for a consideration of 50.5 million euro.
The sale will yield a pre-tax capital gain of 25 million euro to be booked in 2020 and an annual cost savings of approx. 1.5 million euro.

The sale of the property, in line with Banca IFIS’s strategy, is aimed at streamlining own real estate assets, rationalising space management and at containing costs.

Following the sale, the approx. 300 employees currently working at Banca IFIS’s offices in Milan will be relocated to the nearby headquarters on Via Borghetto, wholly owned by the Bank, and with floor space of approx. 3,500 square meters. Full renovations are planned in order to render the interiors more modern and efficient.
The Corso Venezia's real estate is subject to the 60 days’ pre-emption right by the Italian Supervision of the Fine Arts. The transaction will be completed in 1H 2020. 

Banca IFIS has been advised by Mediobanca as financial advisor and by Studio Bonelli Erede as legal advisor.

 

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