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28 May 2012

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Italy's new Idea Fimit manager has E8.7bn AUM

Italian public sector real estate investor Fimit and private First Atlantic Real Estate have finally agreed a merger to create Idea Fimit, Italy's largest independent RE manager. Fimit manages over E5.3bn while First Atlantic RE, 70% owned by De Agostini group, has E3.4bn. Fimit CEO Massimo Caputi and First Atlantic CEO Daniel Buaron will manage jointly.

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