Alpha Immobiliare Fund
is the first contribution fund to have been placed in Italy
It was created in 2001 with the contribution of 26 INPDAP properties - mainly destined for the tertiary sector - located in Bologna, Milan and Rome.
Alpha is also the first example of divestiture of public assets through a real estate fund and its market success has prompted further sales of public property.
|Type||Closed-end real estate fund with public contribution|
|Placement||From 12 to 28 June 2002|
|Initial Equity||€ 259,687,500|
|Number of units||103,875|
|Placement Price||€ 2,600|
|Duration||The duration has been extended for a further 15 years, compared to the original expiry set for June 27, 2015, thus providing the expiry to June 27, 2030|