Arrow Global buys Milan developer Borio Mangiarotti

Arrow Global Group has acquired Borio Mangiarotti, a Milan-based real estate development and management company, PE Hub reported. The deal adds an operating business with a long record in Lombardy to Arrow’s existing real estate and credit platform in Italy, where PE Hub said Milan housing demand remains strong and new supply is limited.

Borio Mangiarotti was founded in 1920 and has completed more than 500 buildings across Lombardy, according to PE Hub. The company is based in Milan, Italy’s main financial centre and one of the country’s most closely watched residential property markets.

The acquisition gives Arrow exposure to a business active in both development and management. In practical terms, that can pair a financial platform with local property execution: sourcing projects, overseeing development and managing real estate assets after completion. PE Hub did not report financial terms or further details on the transaction structure.

For Arrow, the purchase extends an Italian platform that already spans real estate and credit, according to PE Hub. Such platforms often combine asset ownership, financing expertise and local operating partners, allowing investors to participate across different points of the property cycle.

The deal also comes against a market backdrop in Milan that PE Hub described as supported by resilient residential demand and constrained additions of new housing. Limited supply can affect pricing, project economics and the speed at which developers bring new homes to market, though PE Hub did not provide specific transaction values or market forecasts.

Borio’s history in Lombardy gives the acquired company a local footprint in northern Italy, with more than a century of activity in the region. Arrow’s acquisition places that development record inside a broader investment platform focused on Italian real estate and credit.

This story draws on original reporting from PE Hub.