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Fimit, Fondi Immobiliari Italiani - SGR, is the leading real estate Asset Management Company operating in Italy not subject to the control of a banking or industrial Group; it is an independent platform, with a shareholders structure which includes primary Institutional Investors.
Fimit Sgr's business is carried out along the development, the promotion and the professional management of real estate investment funds for institutional clients and private savers.
The Board’s Chairman is Paolo Crescimbeni, INPDAP’s Chairman, and the Chief Execuitive Officer is Massimo Caputi.
Fimit manages today 13 real estate funds, with Assets for over 5.4 billion Euros. The Company has recently structured significant “sale and lease back” transactions for the launch of new real estate funds with the contribution of real estate portfolios of primary banking and insurance groups, such as UniCredit Group, Intesa Sanpaolo Group and Fondiaria SAI Group.
The success of these transactions has attracted the investments of primary national and international investors. Today Fimit’s funds are participated by high standing investors, including pension funds, banking and insurance groups, private companies and Sovereign Wealth Funds.
Key Facts
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1998 Fimit Sgr was created by the Italian state-owned MedioCredito Centrale bank and the INPDAP pension fund.
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2002 Fimit's Alpha Fund was placed and listed on the Borsa Italiana market: Alpha was the first Italian real estate public-contribution fund and the first real estate fund to have been listed.
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2005 Fimit's contribution reserved funds for qualified investors were created, namely the Sigma Fund and Gamma Fund.
In October the Beta Fund was also placed and listed on the market: requests for 203,900 units were submitted, against 161,085 existing units.
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2006 Theta Fund, a reserved fund for institutional investors, was created.
In little more than 20 days, Fimit placed the Delta Fund collecting over 210 million Euros.
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2007 Launch of Omicron Sviluppo Fund, specialized in logistic investments, through a cash subscription and a private contribution of real estate assets.
Eta Fund and Tau Fund - both reserved for qualified investors - began operations.
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2008 Launch of Omega Fund and Omicron Plus Fund, both reserved for qualified investors. In Omega Fund a total of 284 Intesa Sanpaolo Group real estate properties were contributed; in Omicron Plus Fund 72 UniCredit Group real estate properties were contributed.
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2009 Listing of Delta Fund on the Milan Stock Exchange (MIV – Closed-end Funds).
A second contribution of 179 assets of UniCredit Group to Omicron Plus Fund was concluded.
Launch of Rho Fund through a private contribution of a real estate portfolio by Fondiaria SAI Group and Senior Fund, destined to ethic initiatives.
Upgrading of FIMIT Asset Manager Rating from “M3+” (Adequate) to “M2-” (Strong) from the international agency Fitch Ratings.
 COMPANY PROFILE [download] |
