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FUNDS

Fondo Immobiliare Lombardia Comparto Uno (FIL1), Fondo Immobiliare Lombardia Comparto Due (FIL2), the City Regeneration Fund (Re-City) and Real Estate Fund Pavia are the means to boost the planning and involvement of stakeholders into affordable housing, student housing and urban regeneration projects with social impact in Milan and Lombardy.

Find our funds in detail below.

FONDO IMMOBILIARE LOMBARDIA COMPARTO UNO (FIL1)

WHAT IS FIL1?

The Fondo Immobiliare Lombardia Comparto Uno (FIL1) is the first closed-end real estate investment fund reserved for qualified investors and intended for affordable housing in Lombardy. Promoted by the Cariplo Foundation and the Lombardy Region, FIL1 counts among its shareholders important institutions such as the Fondo Investimenti per l'Abitare (FIA) managed by CDP Real Asset SGR and subscribed by Cassa Depositi e Prestiti for 1 billion euros.

Find out more about FIA

FIL1's objective is to optimise the use and integration of public and private resources acquired over time in order to address the growing need for housing, through the creation of new opportunities in the Lombardy region. Other investors in the fund include Banco BPM, Cassa Italiana di previdenza ed assistenza dei Geometri, Generali Italia, Intesa Sanpaolo and Unicredit. The fund collected subscriptions for a total of EUR 560 million.

FIL1: PROJECTS

The Fund has 20 active initiatives (at Dec. 2021).

FONDO IMMOBILIARE LOMBARDIA COMPARTO DUE (FIL2)

WHAT IS FIL2?

The Fondo Immobiliare di Lombardia - Comparto Due (FIL2) has been operational since July 16th, 2012 and is dedicated to student housing. The Fund counts among its shareholders institutional entities such as FIA, the Lombardy Region and Fondazione Cariplo, for total subscribed capital of 30 million euros.

FIL2 counts among its shareholders important institutions such as the Fondo Investimenti per l'Abitare (FIA) managed by CDP Real Asset SGR and subscribed by Cassa Depositi e Prestiti for 1 billion euros.

Find out more about FIA

FIL2: PROJECTS

Via Pompeo Leoni - Milano
Composta da 79 unità residenziali (compresi 135 posti letto destinati a residenza universitaria) ad oggi completamente a reddito.
Via Cosenz - Milano
Composta da 55 unità residenziali (compresi 120 posti letto destinati a residenza universitaria) oltre due locali commerciali e posti auto.
BSC Bicocca - Milano
Composta da 112 unità residenziali (compresi 280 posti letto destinati a residenza universitaria) oltre a 72 posti auto.

City Regeneration Fund (RE-City)

Re-City is a real estate fund dedicated to the experimentation of new models of affordable living through the availability and accessibility of residences, for rent and for sale, and affordable services. The fund focuses, in particular, on the promotion of adequate living conditions for the autonomous elderly, young couples and young singles with parenting plans.

The fund intends to transform distressed assets, degraded areas with an impact on both the environmental matrix and the surrounding social fabric, in order to restore them to their communities and generate new opportunities for local sustainable development and improvement in urban quality. In these urban regeneration initiatives, a central role is reserved for the establishment and the long-term management of a social and solidarity economic ecosystem on a local scale.

Re-City is a sustainable investment in accordance with Art. 9 of the European Regulation 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR). It substantially contributes to climate change mitigation under the EU Taxonomy (European Regulation 2020/852) and makes sustainable investments with social objectives.

real estate fund pavia

The new Pavia fund is a sustainable investment that sees Redo and Fondazione Banca del Monte di Lombardia committed to the urban regeneration of the former industrial area Neca, situated in an highly strategic and well connected position along the “Navigliaccio” Canal, near Pavia train station and its historical city centre.

The fund will trigger a new project of valorisation and transformation of the area through a functional combination of social, urban, commercial and environmental development, along with the development of a university campus for 500 non-resident students, an important facility to support the top-class university of the city.

The Pavia fund is a sustainable investment in accordance with Art. 9 of the European Regulation 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR). It makes sustainable investments with environmental objectives in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy (European Regulation 2020/852), being compliant with the DNSH principles, and makes sustainable investments with social objectives.