Alpha 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.
Synthesis
Type
Closed-end real estate fund with public contribution
Initial equity
€ 259,687,50
Number of units
103,875
Placement
From 12 to 28 June 2002
Placement price
€ 2,600
Duration
The expiry is set for 27 June 2030.
The SGR conserves the right to adopt the liquidation of the Fund prior than its expiry date (“Liquidazione Anticipata”), if this is in the interest of the unitholders.
