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Invimit launching a new fund with former Inps properties

12 February, Il Sole 24 Ore

Assisted living facilities for elderly people are getting a lot of attention lately. There aren’t many relevant operations in the segment yet, but many players are working on new projects with the aim of starting a trend. One of these is Invimit Sgr, the asset management company owned by Mef, which gives the news: “We’ve launched the fund i3 Silver, which will include Inps properties to be transformed into “senior houses”, declares Elisabetta Spitz, Invimit Ceo. According to rumours, Invimit has selected about twenty properties, with locations such as Spoleto, Cinque Terre, and Lido di Venezia, of architectural relevance, well-located and even in tourist destinations. “The project is aimed at the requalification of the already existing assets – explains the architect Spitz – the properties selected are mostly summer camps for the children of Inps employees. The fund has just started, and we’ll finalize the business plan in the next two months. We hope to place the first properties by the spring”. There is no need for partners so far, “we’re beginning with our own fund, but we’ll need fund managers later on – adds the Ceo – and we’re studying the best international examples”.

For Cassa Depositi e Prestiti, elderly people are a very delicate target and they’re included in their social housing operations, along with young couples, big families with just one salary, immigrants and students. “There are several initiatives dedicated to elderly people in which we’re investing – explain the people from Cdp – especially in Marche, a territory with a good tradition in elderly care”.

The offer spans from integrated residences with common services up to facilities for not autonomous people and in need of medical assistance. Concerning this latter, Cdp has launched five operations for one hundred social residences and 500 beds for a total investment of 60 million, with two local funds targeting the province of Pesaro (San Terenzio and Villa Fastiggi). “There are other two operations in Marche we’re currently negotiating regarding other 140 beds and 50 social residences”, says Cdp. In San Terenzio, the works are going on for the integration of the facility with a green space featuring other facilities such as a kindergarten, a talent laboratory, a sports centre, and a theatre, all managed by Fondazione Opera Immacolata Concenzione (OIC) of Padua, one of the biggest European non-profit organizations with over 50 years’ experience.

The Milan projects that saw the participation of Fondazione Housing Social continue to be taken as an example. Besides Via Cenni, concerned by the operation “Cenni di Cambiamento”, the FHS executive director Giordana Ferri explains: “There is Borgo Assistito in Figino, a social and healthcare facility with 22 accommodations dedicated to elderly people with various level of autonomy, the facility is integrated into a bigger project named Borgo Sostenibile”.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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