Davide Grossi
Founding Partner & Managing Director
Real estate and real estate finance. Former Head of Real Estate at Azimut/Mamacrowd and Real Estate Director Italy at Housers. Lecturer in finance at the University of Bologna and Istao.
LinkedInCapital Solutions for Real Estate
We give structure to capital.We give shape to transactions.
Blue Lake Capital Partners is an independent boutique specialising in debt and equity solutions for Italian real estate. We advise developers, property owners and investors on capital structuring and raising, with a focus on execution and selective co-investment.
Milan · London · Madrid
01 · Solutions
The right capital for every stage of the transaction.
Capital structuring is the skill that runs across our three areas of activity.
Area 01
Debt Advisory & Financing
We advise real estate operators on structuring and sourcing financing for acquisitions, development and refinancing, through bank and alternative debt solutions.
Area 02
Equity & Strategic Capital
We support the search for capital partners and the structuring of joint ventures, preferred equity and equity solutions tailored to the characteristics of each transaction.
Area 03
Selective Co-Investment
We consider participating in selected real estate transactions, through dedicated vehicles and alongside sponsors.
02 · When to involve us
The needs we address every day.
01
Financing a property acquisition
We structure the most suitable mix of debt and equity to complete the purchase.
02
Structuring capital for a development project
We build a financial structure consistent with the business plan and the timeline of the transaction.
03
Refinancing an existing transaction
We renegotiate and replace maturing or no-longer-adequate debt facilities.
04
Finding an equity or joint-venture partner
We identify and engage capital partners aligned with the objectives of the transaction.
05
Reorganising debt and capital in a complex transaction
We manage restructurings and special situations with a multidisciplinary approach.
Every transaction starts with a sustainable capital structure.
Let's discuss your project03 · Portfolio
Selected transactions.
The transactions we participate in as co-investors and follow throughout the entire life of the investment.
Co-investment
Deruta, Milan.
Blue Lake Capital Partners participated in the Deruta transaction through a co-investment structured as a club deal, via the vehicle BLCP1 S.r.l., which holds a participation in Gibeon RE2 S.r.l., the company owning the real estate project. The development, sponsored and managed by Gibeon Partners, involves the conversion of an office building of approximately 10,000 sqm into a new residential complex in Milan.
Blue Lake follows the investment on behalf of BLCP1 throughout the entire life of the transaction, monitoring its economic and financial performance and representing the vehicle within the governance framework agreed between the parties.
Type
Co-investment
Approach
Co-investment through a club deal
Sector
Residential — conversion from office
Location
Milan
Vehicle
BLCP1 S.r.l.
Structure
Participation in Gibeon RE2 S.r.l.
Sponsor and project manager
Gibeon Partners
Surface area
Approximately 10,000 sqm
The amount of the investment has not been disclosed.
“The transaction reflects our approach to real estate co-investment: selecting initiatives with solid fundamentals and supporting operators with the skills needed to manage their execution. Through BLCP1 we enabled our investors to participate in a residential conversion project in Milan, with a defined governance structure and continuous oversight of the investment.”
Blue Lake Capital Partners · Milan
04 · How we work
One process, one point of contact.
Our contribution covers the assessment of the transaction, the construction of the financial structure and support throughout the entire process, up to closing.
Step 01
Transaction analysis
Step 02
Capital structuring
Step 03
Identifying counterparties
Step 04
Negotiation and closing support
05 · Sectors
Where we operate.
Living
Build-to-Rent · Student Housing · Senior Living · Flex Living
Hospitality
Hotels & Resorts · Aparthotels · Conversions · Serviced Apartments
Residential development and urban regeneration
Mid-Market · Value-Add · Conversions
Special Situations
Distressed · Restructurings · Opportunistic
Focus: Italian mid-market real estate
06 · Market view
Why capital structure makes the difference.
Italian mid-market real estate requires appropriate financial structures and access to diversified sources of capital. Many sound transactions struggle to find the right capital structure: this is where we work, supporting operators and investors in building sustainable solutions across the entire life of a transaction.
07 · Team
People, not just capital.
A partnership of senior practitioners with direct experience in capital markets, real estate and structured finance.
Mario Resca
Founding Partner
Chairman of Confimprese. Former Chairman and CEO of McDonald's Italy, board member of Eni and of numerous companies.
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Salvatore Rubino
Founding Partner
Over 35 years across management, advisory and university teaching. Specialised in special situations and debt restructuring.
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Luigi Summa
Founding Partner
Entrepreneur and manager with over twenty years of experience across diversified sectors, from industry to real estate.
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Omar Uger Agiami
Founding Partner
Founder and partner of Harcos Capital Partners, an independent holding specialised in club deals and the development of Italian SMEs.
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Barbara Monaco
Office Manager
Over twenty years of experience in office and operations management roles within international organisations.
LinkedIn08 · International dimension
Local knowledge. International relationships.
Milan
Operating headquarters
Origination, structuring and execution of transactions.
London
Partner presence
A network of relationships with institutional investors and family offices.
Madrid
Relationship network
Iberian institutional investors and family offices active in the Italian market.
Local knowledge. International relationships.
Insights
Insights
Ideas and perspectives on Italian real estate
Capital & credit
Data centres: financial risk is decided before the term sheet
21 October 2026 · Blue Lake Capital Partners
In Lombardy, the bankability of a data centre depends on the sequence in which grid connection, permits and local obligations become bankable.
Read more
Capital & credit
AIFMD II: in real estate private credit, who the borrower is matters
14 October 2026 · Blue Lake Capital Partners
With the same asset, business plan and security, the borrower’s legal form can affect the lender’s capacity to take on the exposure.
Read more
Real estate market
EXPO REAL 2026 comes to a close
8 October 2026 · Davide Grossi
It does not look like a market stalled for lack of capital. Rather, capital and opportunities still need to find each other better.
Read more09 · Contacts
Discuss your transaction.
For financing needs, capital partnerships or co-investment opportunities, contact our team.
Phone
Operating office
Corso Magenta 87
20123 Milan (MI), Italy
Registered office
Piazza Castello 9
20121 Milan (MI), Italy