Characteristics

Type

Closed-end real estate fund with public contribution

Contribution date

01 March 2001

Initial equity

€ 259,687,50

Number of units

103,875

Recipients

Retail clients and qualified investors

Placement

From 12 to 28 June 2002

Global Coordinator

MCC

Sponsor

Meliorbanca and Banca Finnat Euramerica

Placement price

€ 2,600

Depository Bank

State Street Bank International GmbH Succursale Italia

Listing

Listed on Borsa Italiana’s Telematic Funds Market (MTF) Class 2 Closed-End Fund Segment

Specialist

Intermonte SIM SpA

Trading code

QFAL

ISIN Code

IT0003049605

Minimum amount

One unit

Asset management company

Dea Capital Real Estate SGR

Independent expert assessors

Avalon Real Estate S.p.A

Asset allocation target

Real estate assets and rights in rem in immovable property largely for tertiary sector use, both offices and commercial spaces, located at least 75% in Italy or the European Union

Returns

Returns from management of the Fund are distributed for at least 80%, unless otherwise justified and determined by the Board of the SGR. Revenues generated and not distributed in previous years may be used to generate income to be distributed in subsequent years.

Management commissions

Fixed annual commission of 1.6% of the net overall value of the fund. Annual overperformance commission as established by the fund regulations at point 9.1.1.2.

Minimum return target above which the final variable commission will be paid to the SGR

Change (in the year prior to the complete disposal of the fund’s net assets) in the gross capitalisation index of the treasury bonds recorded by MTS S.p.A. plus 0.75%

Tax treatment

20% of the returns and capital gains paid

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.