Invimit increased tenfold the asset under management in three years

26 May, Milano Finanza

The Invimit assets under management increased tenfold in three years, going from 120 million to one billion and 200 million euro. “Today, we have 122 assets from ground to roof level and 1,283 properties distributed among nine funds, five of which were incorporated in the last three years”, explained the Ceo Elisabetta Spitz and the president Massimo Ferrarese. “The total leasing amount is around 27 million, which will reach 35 million by the end of the year considering the acquisition planned and the operations currently in process. The yearly return is 4.33%”. In the last year, Invimit sold properties for 48 million, and it aims at earning other 60 million by 2018. Moreover, it completed 13 urban regeneration projects in the main cities for nearly 600 thousand Sq m in total, where the construction sites will start soon, and launched five additional projects concerning 400 thousand Sq m. Spitz explained: “Our operations brought Invimit in profit and made the income double in three years”, reducing the public debt consequently by over 450 million euro. “Finally, with the most recent funds Valore Italia and Silver, Invimit provided the foundations to build new assisted living facilities for elderly people and schools throughout Italy”.

Source: Milano Finanza

Translator: Cristina Ambrosi

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