Prelios launches Italian real estate fund

Prelios SGR, an Italian real estate fund and asset management firm, has launched the Madison Imperial fund, fully subscribed by a foreign institutional investor.

The real estate alternative investment fund (AIF), which has a term of seven years, has finalised the acquisition of Meucci in Liquidation , a portfolio of 57 properties, mainly consisting of telephone exchanges, which are leased to Telecom Italia S.p.A.

Andrea Croissants,  chief investment officer at Prelios SGR, said the company is committed to supporting primary foreign institutional investors through “the creation and management of products that promote investments in the sector and contribute to make the Italian real estate competitive “.

Prelios was advised by the law firm Orrick on the creation of the fund and  the acquisition of the portfolio.

Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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