The Gruppo Caltagirone, reference stakeholder of the SGR, is one of the main Italian Real Estate developers, with over 3 million square meters built and sold in office, commercial and residential realizations.
Taking to heart its distinctive track record, Fabrica sets its activities under an initial focus on the residential development compartment and its following trading (fractional sale). Development operations in both the cities of Rome and Milan have today a fair value of over 1,3 Billion €. Such activities have been mainly conducted under two Real Estate funds, which have now completed the investment process:
• Fund Seneca: development of 4.000 residential units in Rome – IRR: 21,4%
• Fund Forma Urbis: development of 400 residential units in Rome– IRR: 13,5%
Today, Fabrica manages a residential portfolio, organized as such:
• Free-standing leased buildings, the portfolio includes 25 assets with about 2.000 residential units, prevalently leased at market rents. The assets have been purchased as a result of contribution operations by two of the major Italian Pension Funds: Inarcassa and Cassa Forense, pursuing valorization strategies on their properties’ real estate portfolio. Geographically all the macro-areas of the Peninsula are covered, with a higher concentration on the cities of Rome and Milano, as well as other provincial capitals;
• Social housing operations: Fabrica manages two funds invested by the FIA Fund of CDP Immobiliare SGR SpA. The two funds are dedicated to the development of a project in Cesena and to other interventions in the southern regions of Italy. The funds are realizing an investment plan of more than 200 million Euro and have already started development projects for about 600 new social housing units.