Finint Investments, an asset management company of the Banca Finint group, has acquired some areas in Northern Rome in the Bufalotta-Porta district of Rome for a real estate project worth a total of 100 million euros called NoMo district.
The operation was conducted through the "Tulipa" real estate fund, an Alternative Investment Fund (FIA) 100% owned by the Olympus Fund - a contribution-based securities fund for the valorisation of credits guaranteed by properties and the management of Real Estate assets -, managed by Finint Investments with ARECneprix as asset manager and special credit servicer who proposed and designed the structure of the project, coordinating its execution as arranger.
The project saw the progressive acquisition by the selling party of a total of 13 building plots for a total building capacity of approximately 220.000 m100 with a plan of real estate developments already planned, including public works and private works with a predominantly residential purpose with associated services, for an investment of over XNUMX million euros.
The new project called "NoMo District" can count on the financial support of primary institutional investors, who, through a structured finance operation carried out by Banca Finint together with ARECneprix, have made new resources available and among the main creditors there is the same Olympus Fund.
It is a medium-density residential area near one of the largest and most modern European shopping centers with over 250 shops, 25 restaurants and a multiplex cinema for a total area of approximately 150 thousand square metres.
«The new NoMo district – said Mauro Sbroggiò, CEO of Finint Investments – confirms the desire to invest in strategic urban development plans, above all thanks to the close collaboration with the municipal administration»
«We have believed from the beginning in this project which aims to enhance an area with great potential – added Marco Raccah, general director of ARECneprix – making available on the one hand, our strong specialization in the management of complex real estate development projects Summer and, on the other, the great experience in the performing and NPE credit sector."
