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Nova Re Siiq aims at hospitality

30 January, Milano Finanza

Nova Re Siiq has defined the guidelines for its new business plan to be approved by the 28th February. These guidelines include the capital increase in order to able to use the opportunities of the market at its own advantage, the repositioning of the strategy with a particular focus on hospitality (hotels and resorts, healthcare facilities, student and senior housing) and on assets with low seasonality. The new guidelines aim at a total average cap rate of the portfolio equal to 6% and a limited use of the financial leverage in order to reach a total 40-50% loan to value. The business plan will be completed with the assistance of Mediobanca which has been appointed by the company as its financial advisor.

Source: Milano Finanza

Translator: Cristina Ambrosi