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Next Issue Monday
13 September 2010
Featured Events
- CoreNet Global Summit
27-29 September 2010
London, UK
- Commercial Real Estate Finance Council Europe
25-26 October
London, UK
- MAPIC 2010
17-18-19 November 2010
Cannes, France
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.