Genova Sviluppo buys Genova’s Waterfront retail complex
Genova Sviluppo buys Genova’s Waterfront retail complex
- Information
Genova Sviluppo, a company with a minority stake held by Ceetrus Italy, has acquired, together with the property company Runca, a highly significant asset, namely Genova Retail.
Who is Genova Retail
What has changed hands is, specifically, the 100% of Genova Retail, previously indirectly controlled by the London-based group Orion Capital, and by Brescia-based Cds Holding.
Genova Retail developed the retail side of the huge Levante Waterfront district, in the Ligurian capital.
The grandiose urban development project, launched in 2021 and designed by Renzo Piano, aims to transform a vast area between the Fair and the Old Port into a new sustainable district of 115thousand square metres of mixed-use space: an urban park, housing, offices and, indeed, a shopping centre.
Coop Liguria and many others
In the retail area, located next to Genoa’s Palasport, the only declared tenant for the time being is Coop Liguria, which will arrive with a large supermarket covering 1.500 square metres.
The two-level retail complex is reportedly nearing its opening: March 2026 is being mentioned, along with 100 brands featuring well-known names such as McDonald’s, Burger King, Old Wild West, La Piadineria, Calvin Klein, Tommy Hilfiger, Armani, Original Marines, Guess, Mondadori…
We should remember that at this site Coop Liguria, with 850 million in turnover, has replaced Esselunga for substantial assortment-related reasons: the range will have to focus on local specialities rather than the national and, at times, international food products offered by the Caprotti family’s chain.
Several of Italy’s and Italy-France’s largest banks, including Intesa San Paolo, Bnl Bnp Paribas and Banco Bpm, were involved in the transaction on behalf of Genova Sviluppo.
Other articles:
Coop Liguria arrives at Genoa’s Waterfront
This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.
