On August 6, 2024, an infrastructure investment fund managed by DWS Group and OMERS Infrastructure acquired 100% of Grandi Stazioni Retail (GSR) from Antin Infrastructure Partners, ICAMAP, and Borletti Group. GSR managed commercial and advertising spaces in 14 major Italian railway stations, including over 800 commercial units and 1,800 media assets, with over 800 million annual visits.

DWS Group, managing EUR 933 billion as of June 2024, is a leading global asset manager known for sustainable investments. OMERS Infrastructure, overseeing approximately C$36 billion, invests globally on behalf of OMERS, a Canadian pension plan, and third-party investors. This acquisition marked OMERS Infrastructure’s first investment in Italy and expanded its European and global transportation portfolio.

Antin Infrastructure Partners, with over €31 billion in assets, focuses on infrastructure investments across energy, transport, and digital sectors. ICAMAP specializes in European real estate, managing €1.7 billion, while Borletti Group, a private investment firm, focuses on retail, luxury, and branded consumer goods.

The transaction is expected to close by the end of 2024. UBS AG, Intesa Sanpaolo, and Cassiopea Partners served as financial advisors, with Bonelli Erede as legal advisor to the sellers. Latham & Watkins advised the consortium of DWS and OMERS Infrastructure, and Clifford Chance advised the lenders on acquisition financing. Terms of the transaction were not disclosed.