Fabrica and CBRE Global Investors to launch Italian regulated real estate funds
CBRE Global Investors and Fabrica Immobiliare SGR have entered into a partnership agreement to set up co-branded Italian regulated real estate funds mainly addressed, but not limited, to Italian institutional investors.
The agreement is designed to allow the two companies to work together to structure and distribute one or more Italian closed-end real estate regulated vehicles focused on investing, directly and indirectly, in Italy and abroad.
Fabrica will act as fund manager for the newly co-branded vehicles, while CBRE Global Investors will act as the advisor for the non-Italian asset allocation strategy, as well as investment selection and asset management.
The agreement enables the two companies to provide institutional investors (initially Italian) with a vehicle to capitalise on the opportunities in the domestic market as well as to diversify their real estate allocation abroad.
It combines CBRE Global Investors’ leadership, research and global network with Fabrica’s experience of the Italian market to ensure that the newly co-branded funds will be able to meet the institutional investors’ real estate investment requirements, and take advantage of different real estate cycles in the main markets globally.
Marco Doglio, managing director of Fabrica, says: “We feel proud to cooperate with the real estate asset management global leader: this partnership is a milestone in our development process and comes from a common investment philosophy based on market analysis and investors demand focus. The strategic close cooperation with CBRE Global Investors will allow us not only to complete our product spectrum for institutional investors, but also to get our team ready to face the global challenge of AIFM Directive”.
Florencio Beccar, country manager Italy at CBRE Global Investors, says: “We see growing interest from Italian investors to both allocate further to domestic real estate and, for some, to make their first steps to diversify internationally. This partnership offers them the right platform to achieve both those aims with the benefit of our on-the-ground local real estate intelligence in key markets.”