Coima sgr announced yesterday the final closing of the fundraising of Coima Opportunity Fund II reaching 500 million euros or 650 millions, including coinvestments and options to increase subscriptions by its cornerstone investors (ie investors having done subscriptions of 150 million euros or over) and by the Milan-listed Siiq Coima Res. Including leverage, the fund drypowder reaches 1.5 billion euros (see qhere the press release).
The real estate asset manager founded and led by ceo Manfredi Catella has been advised by Origoni, Grippo, Cappelli & Partners law firm and by Maisto e Associati as for fiscal issues.
Coima Opportunity Fund II is a real estate development fund which has already invested more than 30% of its capacity (or 450 million euros9 and has now a new investments pipeline of more than one billion euros value
The fund already invested in two well known business sites in Milan that are Porta Nuova Bonnet (together with Coima Res, see ahere a previous post by BeBeez) and Porta Nuova Garibaldi (see here a previous post by BeBeez).
Founded in2007, Coima sgr is now managing 21 real estate funds with more than 5 billion euros AUM and investment capacity. Coima sgr is managing capital on behalf of more than 100 institutional investors, most of them international. Five of the most important sovereign funds in the world are subscribers of Coima’s funds, with Qatar Investment Authority owning the entire office neighborhood Porta Nuova in Milano, through three funds managed by Coima sgr.
Coima sgr has been raising more than 2 billion euros from investors in the last few years and secured loan facilties for 4.5 billion euros from banks (see here the press release).
Speaking to the press yestarday Mr. Catella confirmed rumors reported by MF-Milano Finanza about talks with Unicredit for acquiring its Pavillon, an open space auditorium based very close to Coima’s new headquarters near Unicredit’s headquarters.