CDP Real Asset, CDP‘s real estate fund management company, approved two new investments for two of its funds of funds. The first concerns a commitment of up to 30 million euros by FNAS (Fondo Nazionale dell’Abitare Sociale) to the Aristotele Student Fund, a vehicle that Fabrica Immobiliare manages (see here a previous post by BeBeez). The second is a 35 million commitment by FOF Infrastructure to EOS Energy Fund II.
An undisclosed institutional operator sold two office buildings in Sesto San Giovanni (Milan area) to 2C Sviluppo Immobiliare, a developer of properties for business clients. Both assets were in the portfolio of two funds that BNP Paribas REIM manages (see here a previous post by BeBeez). Gabetti Agency Capital Market acted as broker. Torre Tonda and the second building have a total surface in the region of 11500 sqms.
Yeldo Crowd, Yeldo Group‘s real estate equity crowdfunding platform for institutional investors, raised 2.5 million euros for the development of a residential complex in Varedo (Monza Brianza) within an area of more than 9600 square meters (see here a previous post by BeBeez). The construction should begin by September 2024, with delivery in 2026. This project has an expected ROI of 52.1% and an internal rate of return (IRR) of 15%, with an expected tenure of 36 months. More than 100 retail and professional investors – poured resources in such a campaign with a minimum investment ticket of 10 thousand euros. Marco Dardana and Lorenzo Belloni are the managing director and chief investment officer of Yeldo Group.
