home » company » our story
Celtic was founded in 2009 by a British hedge fund (Laxey Partners); its initial scope was to manage the real estate fund Spazio Industriale (size c. €800m), of which Laxey was indirectly the main shareholder.
Celtic is now controlled by its partners, who acquired the company in 2018 with the mission to provide to international investors local support with full alignment of interest.
In conjunction with the acquisition of the company's shares by the Partners, Celtic has signed an agreement with one of the most active US-based Credit Fund, becoming its preferred operating partner in Italy for mid-to-large size real estate-backed special situations investments/single tickets (credit).
In addition, Celtic offers real estate asset management services to a selected group of US based private Equity Funds.
Celtic Partners, with an international background and over 15 years of investing experience, have executed more than €10bn of transactions in Italy and managed transactions across the whole real estate market, with a main focus on office, logistic, residential and distressed credits (NPL portfolios and special situations).
With a team of 11 professionals, coming from real estate asset management, investment banking and real estate advisory, Celtic can take advantage of market inefficiencies, delivering high value-added results throughout all the process.
Celtic team follows the acquisition process from the origination to the closing of each transaction (screening the opportunities, overlooking the due diligence/underwriting/ structuring processes, supporting the investors in the negotiations and execution).
Celtic professionals deliver their performance through direct and indirect management of real estate and credit investments, managing leasing renegotiations, overlooking redevelopment/ capex plans and coordinating the disposal process.
Currently, the company manages investments for approx. €360m, with a pipeline under analysis in excess of €200m.
Celtic – through its subsidiary, Celtic Agency – is also the exclusive broker for the fund Spazio Industriale, and offers agency services to third parties, taking care of always operate outside of any conflict of interest with Celtic's investors.