Direct Funds
We operate as promoters and direct managers of real estate funds, both for assets under our own management and those of third parties, focusing on public real estate assets.
In this area, we pursue three main lines of action:
- Initiatives for the establishment and management of real estate funds through the contribution of assets owned by public entities, both territorial and national (such as INPS and INAIL).
- Projects geared toward the rationalization and regeneration of properties intended for public functions.
Urban regeneration interventions that include a plurality of public real estate assets distributed over different territorial areas (regional, provincial, inter-municipal, municipal, etc.).
The i3-INAIL Real Estate Fund is a Contribution Fund of mixed-use properties owned by INAIL and the state.
It has a maximum duration of 20 years and is a closed-end Fund, aimed at institutional investors with a target amount of € 300 million.
The contributed real estate assets are located in different regions of northern, central and southern Italy. The Fund's objective is based on the management, valorization and partial divestment of the contributed real estate portfolio through diversified strategies based on the characteristics of individual properties.
Operation start date April 9, 2015
Duration 20 years
Prevalent Destination Executive/Residential
Number of properties 41
AUM 30.06.21 Euro 113.3 million
For information: segreteria@invimit.it
The i3-INPS Real Estate Fund is a closed-end contribution fund, operational since the year 2017, participated by INPS and the state.
It has a target amount of €800 million and a maximum duration of 20 years.
The objective of the fund is the management,valorization and partial divestment of theimmobiliare portfolio, through the application of strategiediversified according to the characteristics of the assets that locompose it.
It currently manages assets of 76 assets with predominantly office and residential use, divaria location, with a market value of approx.265 million euros.
Operation start date August 3, 2017
Duration 20 years
Predominantly Directional Residential Destination
Number of properties 76
AUM 31.12.23 Euro 265.5 million
For information: segreteria@invimit.it
REGIONE LAZIO
The Regione Subfund originates from the multi-compartment closed-end mutual fund i3 Regione
Lazio, reserved for qualified investors. The Sub-Fund has a duration of 15 years and a target amount of € 300 million.
The entire real estate assets contributed are located in the Lazio region and predominantly within the municipality of Rome.
The main objective of the Sub-Fund is to divest the contributed real estate portfolio. The divestment takes place through sale of the assets on the market and to the current tenants, maintaining the facilities provided by the law and the Lazio Region regulation on the matter.
Operation start date May 28, 2015
Duration 15 years
Main destination Residential
Number of properties 41
AUM 30.06.21 Euro 183.8 million
For information: segreteria@invimit.it
The Ater Sub-Fund originates from the multi-compartment closed-end mutual fund I3 Regione Lazio, reserved for qualified investors. The Sub-Fund has a duration of 20 years and a target amount of € 200 million.
The entire real estate assets contributed are located in the city of Rome, with predominantly commercial use.
The Fund's main objective is to enhance the value of the contributed real estate portfolio, depending on the type of each property and its target market. This will be done through the renegotiation of expiring leases at market conditions, regularization of positions in occupancy indemnity, and bringing income from currently vacant units.
Operation start date February 27, 2020
Duration 20 years
Predominantly Commercial Destination
Number of properties 25
AUM 30.06.21 Euro 31.7 million
For information: segreteria@invimit.it
The i3 University Fund is a closed-end, restricted real estate fund with a target amount of € 500 million and a maximum term of 30 years.
The Fund invests primarily in real estate assets intended for university buildings (including for residential use) and public research institutes, from universities, public bodies, and the state. The main objective is to create value on the contributed properties through optimizing the profitability of the leasable portfolio and enhancing or converting them through ordinary and extraordinary maintenance for properties that are not attractive and usable in their current state.
Operation start date December 29, 2015
Duration 30 years
Prevalent Destination Executive/Residential
Number of properties 12
AUM 30.06.21 Euro 64.2 million
For information: segreteria@invimit.it
The i3 Patrimonio Italia Fund is a closed-end real estate investment trust reserved for qualified investors. The fund has a maximum term of 25 years and an AUM of 507 million.
The entire real estate assets purchased are located in different regions of northern, central and southern Italy.
The main objective of the fund is to acquire office buildings owned by local government entities and used by them and other public administrations.
The fund's strategy is to enhance the value of the assets through leasing and/or relocation and possible disposal, including fractional disposals, of the properties, as well as through space rationalization and enhancement activities.
Operation start date October 27, 2015
Duration 25 years
Main destination Public offices
Number of properties 86
AUM Euro 507.9 million
For information: segreteria@invimit.it
DANTE
The i3-Dante Comparto Convivio Fund is a multicompartment closed-end reserved fund, operational from the year 2021 and wholly owned by Poste Vita.
It has a target amount of 500 million euros and a maximum duration of 15 years.
It manages assets of 22 predominantly residential assets of various locations with a market value of 260 million euros.
The purpose of the fund is the professional management of the real estate portfolio, aimed at its valorization and divestment in the medium to long term, in order to maximize the expected return for the participant.
Operation start date December 29, 2020
Duration 15 years
Prevalent destination Residential/Various
Number of properties 22
AUM Euro 259.5 million
For information: segreteria@invimit.it
The i3-Valore Italia Real Estate Fund is a closed-end contribution fund, operational since the year 2017, participated by Invimit's i3-Core Fund.
It has a target amount of €600 million and a maximum duration of 25 years.
The fund's strategy is to acquire real estate or rights in rem owned by Territorial Entities to be used, through redevelopment, for social functions.
It manages a historic real estate complex formerly used as a hospital, located in the center of Bologna, with a market value of about 8 million euros.
In particular, redevelopment and conversion is planned for the asset to be used as a multipurpose complex, passable with its activities, to be reintegrated into the urban and social fabric of the city.
Operation start date November 23, 2017
Duration 25 years
Prevalent Intended Use Mixed
Number Properties 1
AUM Euro 8.25 million (12/31/23)
For information: segreteria@invimit.it
The i3-SILVER Real Estate Fund is a closed-end contribution fund, operational since the year 2018, participated by INPS and Invimit's i3-Core Fund.
It has a target amount of €500 million and a maximum duration of 25 years.
The fund invests predominantly in income or immediately disposable real estate, as well as development and redevelopment.
It currently manages an asset of 6 assets already used as boarding school and marine colony, of various locations, with a market value of about 20 million euros.
In particular, redevelopment and conversion to social welfare housing for residential use (so-called Senior Housing) is planned for these assets.
Operation start date July 10, 2018
Duration 25 years
Prevalent destination Senior Housing
Number of properties 6
AUM Euro 20.5 million (12/31/23)
For information: segreteria@invimit.it
SVILUPPO ITALIA
The real estate fund i3-Sviluppo Italia Compartment 8-ter is a closed-end multi-compartment real estate mutual fund reserved for qualified investors.
The fund consists of two sub-funds, 8-ter and 8-quater, both established in November 2015.
Subfund 8-ter has a target amount of €500 million and a maximum term of 20 years.
The purpose of the Sub-Fund is to invest and reinvest its assets in real estate owned by the State and Territorial Entities that are no longer used for institutional purposes, as well as real estate rights.
Operation start date October 12, 2016
Duration 20 years
Predominant use Other
Number Real estate 17
AUM Euro 64.0 million (06/30/21)
For information: segreteria@invimit.it
The real estate fund i3-Sviluppo Italia Compartment 8-quater is a closed-end, multi-compartment real estate mutual fund reserved for qualified investors.
The fund consists of two sub-funds, 8-ter and 8-quater, both established in November 2015.
Subfund 8-quater has a target amount of €500 million and a maximum term of 20 years.
The purpose of the Sub-Fund is to invest and reinvest its assets in state-owned properties no longer used by the Ministry of Defense for institutional purposes, as well as real estate rights.
Operation start date June 6, 2016
Duration 20 years
Predominant use Other (former barracks)
Number Real estate 5
AUM €76.9 million (06/30/21)
For information: segreteria@invimit.it
The i3-Sviluppo Italia Comparto Invitalia Real Estate Fund is a multi-compartment closed-end real estate mutual fund reserved for qualified investors.
The fund consists of three sub-funds: 8-ter, 8-quater and Invitalia.
The Invitalia Sub-Fund consists of 7 tourism assets located in the regions of Calabria, Puglia and Sardinia and has a maximum term of 25 years.
The purpose of the Sub-Fund is to enhance the value of the portfolio, mainly through rental enhancement, by renegotiating expiring leases and bringing vacant assets to income.
Operation start date July 7, 2022
Duration 25 years
Prevalent destination Tourism
Number of properties 7
AUM Euro 94.0 million (06/30/22)
For information: segreteria@invimit.it
The i3-Sviluppo Italia Real Estate Fund Piedmont Region Compartment is a closed-end multi-compartment real estate mutual fund reserved for qualified investors.
The fund consists of four sub-funds: 8-ter, 8-quater, Invitalia and Regione Piemonte.
The Piedmont Region Subfund consists of 6 mainly office assets located in the city of Turin and has a maximum duration of 25 years.
The Sub-Fund may be invested predominantly in real estate assets that, immediately or following the completion of regularization and redevelopment procedures, can be directed primarily to income.
Operation start date November 30, 2023
Duration 25 years
Prevalent destination Management
Number of properties 6
AUM Euro 18.7 million (12/31/23)
For information: segreteria@invimit.it
The i3-SVILUPPO ITALIA Real Estate Fund is a multi-compartment closed-end real estate mutual fund reserved for qualified investors.
The Fund consists of five sub-funds: Sub-Fund 8 Ter, Sub-Fund 8 Quater, Sub-Fund Invitalia, Sub-Fund Regione Piemonte, Sub-Fund PAT.
The Naples Sub-Fund consists of 9 assets, both sky-land and real estate portions. The purpose of the Subfund is the enhancement of the real estate portfolio, mainly through processes of redevelopment and rental enhancement, mainly related to the negotiation of new leases at the conditions expressed by the market for vacant space.
Operation start date November 30, 2024
Duration 25 years
Prevalent use Mixed
Number Properties 9
AUM Euro 44.42 million (12/31/24)
For information: segreteria@invimit.it
The i3-SVILUPPO ITALIA Real Estate Fund is a multi-compartment closed-end real estate mutual fund reserved for qualified investors.
The Fund consists of five sub-funds: 8 Ter Sub-Fund, 8 Quater Sub-Fund, Invitalia Sub-Fund, Piedmont Region Sub-Fund, PAT Sub-Fund.
The P A T Sub-Fund consists of 8 sky-land assets. The purpose of the Subfund is to enhance the value of the real estate portfolio, mainly through processes of redevelopment and rental enhancement, for vacant units, by entering into new leases at market conditions.
Operation start date December 1, 2024
Duration 30 years
Prevalent destination Residential
Number of properties 8
AUM Euro 194.3 million (31.12.24)
For information: segreteria@invimit.it
The MEFIN Real Estate Fund is a closed-end real estate alternative investment trust reserved for qualified investors. On January 1, 2023, Invimit SGR took over the management mandate, replacing another SGR.
The fund has a maximum duration of 15 years and an AUM of €329 million.
The assets in the fund's real estate portfolio are located in central Italy, specifically in Rome, and are mainly for offices leased to the public administration; following redevelopment, there are also residential units.
The main objective of the fund is to professionally manage and enhance the value of the assets in order to increase their initial value, compatibly with the characteristics of the investments, through the collective investment of capital mainly in real estate, real estate rights, participations in real estate companies and/or parts of other real estate FIAs, including foreign ones.
Operation start date September 30, 2011
Duration 15 years
Prevalent use Offices
Number of properties 4
AUM Euro 329 million (06/30/22)
For information: segreteria@invimit.it
