Centro delle Alpi Real Estate Fund
Centro delle Alpi Real Estate Fund

CENTRO DELLE ALPI REAL ESTATE FUND

The Centro delle Alpi Real Estate Fund is an Italian alternative closed-type Investment Fund reserved for professional investors. The Fund started trading operations on March 24, 2014.

The purpose of the Fund is to invest in and manage the assets it has collected, in order to achieve a long term valorisation of the assets being invested and to maximize the divisible balance, namely the end net result to be distributed among the shareholders. The Fund invests no less than two-thirds of its total value in real estate and/or rights in rem, as well as in real estate companies.

The Fund’s assets may be invested in real estate and rights in rem on mainly “free-standing” properties mainly for business and service sector use, located in central areas of Italian cities and leased to high standing partners based on medium and long term contracts. Real estate investments can be made with a view to gaining income from property holdings, or for development and/or trading purposes.
The Fund assets are located in northern and central Italy, mainly for commercial use and offices and leased mainly to primary credit institutions.

PRODUCT FEATURES

DENOMINATION/NATURE
CENTRO DELLE ALPI REAL ESTATE FUND – Reserved alternative real estate investment fund
MANAGER
Polis Fondi SGR.p.A.
RECIPIENTS
Professional investors
DURATION
30 years + 5-year extension + grace period not exceeding 3 years
ASSET ALLOCATION STRATEGY
Primarily income-generating, and to a lesser extent, trading
DESTINATION
Commercial/tertiary
START DATE OF OPERATIONS
24/03/2014
PROFIT DISTRIBUTION REGIME
Option to proceed with distributions
DEPOSITARY
DEPOBank – Banca Depositaria Italiana S.p.A

DOCUMENTS

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