We have advised Swiss Life Asset Managers France on its acquisition of a portfolio of real estate assets linked to several resorts owned by Club del Sole, Italy’s leading open-air tourism operator, in a transaction structured as a long-term sale and operating leaseback.
Part of Swiss Life Group, Swiss Life Asset Managers is one of Europe’s leading institutional real estate investors, with more than 165 years of asset management experience.
This is the first transaction of its kind in Italy’s open-air tourism sector, underlining the market’s growing maturity and appeal to leading international institutional investors. The sale and operating leaseback structure enables Club del Sole to unlock value from part of its real estate portfolio, supporting the group’s growth strategy while retaining full operational management of the resorts and continuity of its business model.
The transaction reflects the increasing maturity of the Italian open-air tourism market, which is attracting growing interest from leading institutional investors. In this context, we further reinforce our established experience across the leisure, hospitality, and real estate sectors, built through advising investors and operators on complex and strategically significant transactions.
Through this deal, Club del Sole has taken another step forward in the development of its industrial model, strengthening its leadership in Italian open air tourism, positioning the group to become a European powerhouse, and contributing to the opening of a new stage of development for the whole industry.
