PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Italy's Fimit receives green light for Omega fund, e865m acquisition
The Bank of Italy has approved Fimit's Omega real estate fund, the last hurdle to its acquisition of Intesa Sanpaolo's e1bn Immit Immobiliare portfolio. Immit was to be Intesa Sanpaolo's REIT/SIIQ spin-off, but was cancelled last June. Fimit has also entered exclusive talks with Unicredit to acquire 100 buildings, including the bank's downtown headquarters in Milan, for roughly e1bn.