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28 May 2012

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Milan's First Atlantic RE launches opportunistic fund post crisis

Milan-based investment manager First Atlantic Real Estate is expanding post crisis and launching a new opportunistic fund targeting Italian office and 15% IRR. Its founder and CEO Daniel Buaron told PIE the rewards lie in upgrading less-than-prime office to A-quality.

Founded in 1998 and owned 70% by Italy's diversified De Agostini group, FARE has E3.4bn under management in 130-plus assets, of which E2.8bn in Italian SGR closed funds.

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