The Italian JV between two important Israeli professional investors, has completed a EUR 20 million (Including purchase cost and refurbishment) real estate acquisition in Italy. 

RSM Studio Palea Lauri Gerla, with a team led by Andrea Giammello (partner) and composed by Francesco Citerni and Elena Eandi, provided the Italian JV with tax, structuring and corporate law advice for the acquisition of the 10,000 Sqm building in Via Giambattista Belzoni in Padova, from the previous owner: the religious institution Provincia Italiana della Società del Sacro Cuore. 

This is the first step of a larger investment program in Italy of the two Israeli investors, with the aim to create a number of moderns Student Houses in key Italian cities in the next few years.