Henderson and Investire Immobiliare sign partnership deal
Henderson Global Investors has struck up a partnership with Investire Immobiliare Sgr to develop property funds aimed at Italian and international investors.
Henderson Property, the €16bn real estate division of Henderson Global Investors, has signed a joint venture with Investire Immobiliare Sgr, the property funds asset management subsidiary of Banca Finnat Euroamerica Group, for the development and distribution of property funds.
Henderson said it hopes the platform will launch its first fund – a Core + pan-European fund – before this summer.
Henderson Property said it brings a strong international asset management expertise to the deal, including a dedicated fund management (Sgr) platform in Italy. Investire Immobiliare is a leading Italian asset manager with a strong contact base among Italian investors.
The joint venture will develop Italian real estate funds targeting Italian investors who want to invest directly or indirectly in international real estate. The funds will be set up and managed by Investire Immobiliare, with the assistance of Henderson Sgr acting as fund adviser for the identification of investment opportunities and management of assets directly or indirectly owned.
The same partnership will also develop funds aimed at international investors investing directly or indirectly in Italian real estate.
James Darkins, managing director, Property for Henderson Global Investors, described the platform as being “consistent with our proven strategy of co-investing alongside and utilising partners who can strengthen our position within a particular sector or geographical market. One example is our current joint venture in Germany – Warburg Henderson, which continues to grow significantly.”
Arturo Nattino, president of Investire Immobiliare Sgr, said the deal “consolidates the strategic placement of our asset management company. Thanks to the expertise and skills of Henderson Global Investors, we will have the opportunity, not only to increase our products’ offer – giving new international opportunities to our Italian investors, but also to facilitate new contacts and enlarge our clients base, given that Henderson Property will allow the access to international players that could be interested in investing in Italy.”
Alberto Albertazzi, general director of Henderson Sgr, added: “The establishment of a joint venture with such a leading player reflects our commitment to strengthen our presence in Italy, a market for which we recognize considerable investment opportunities.”