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The Sorgente sgr fund gets properties for 37 mln

31 July, Italia Oggi

The third and last transfer to the Sant’Alessio fund has been completed. The fund was constituted by Sorgente sgr as a special purpose vehicle to revaluate the many assets including historical buildings and nursing homes owned by Ipab (Sant’Alessio regional centre – Margherita di Savoia for blind people). After a public tender concluded in autumn 2016, the institute appointed the asset manager from Rome for the incorporation and management of the fund. Other five properties have been transferred to the fund for a total value of approximately 37 million euro, with the addition of some plots of land, valued at 116 million.

Source: Italia Oggi

Translator: Cristina Ambrosi

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