Carispezia launches social housing fund
Italy’s Fondazione Cassa di Risparmio della Spezia (Carispezia) has launched the first social housing fund of the region (Liguria) with the cooperation of IDeA FIMIT SGR.
Carispezia has invested €10m in the fund. IDeA FIMIT will be the asset management company in charge of the fund’s management.
IDeA FIMIT SGRcurrently manages 32 real estate funds, has some €10bn AUM and has invested €3m in the fund. The fund’s restructuring was done in cooperation with CBA Studio Legale e Tributario.
As Carispezia explained, Liguria is one of the Italian regions whose real estate market has the highest prices. According to their numbers, house maintenance’s costs make up 34% of total average house spending in Liguria, while the national average stands at 28.9%.
The Fondo Housing Sociale Liguria aims at reaching total AUM of €100m over the next years.