Italian real estate investor Coima is planning to launch three new funds in the next 18 months and plans to invest up to €5bn in urban regeneration projects over the coming five years.
Coima said it intends to launch an evergreen fund to target prime assets and a develop-to-core strategy, with an investment target of €2bn and a first close expected this year.
The second fund, a €1bn private rented sector fund, which will target all residential subsectors including student housing and senior living, is expected to have its first close next year.
The manager will also launch Coima Opportunity Fund III, a value-add fund targeting various asset classes, with a target of €500m and a first close also planned for next year.
Coima invests on behalf of sovereign wealth funds and institutional investors from Europe, the US, Canada, Asia, the Middle East and Italy. The company focuses its investment program on regeneration in Italian cities and has invested in projects worth more than €3bn and plans to invest up to a further €5bn over the next five years, Coima said.
The group will also maintain its investment strategy in the logistics sector and tourism, the manager said.
Manfredi Catella, Coima founder and CEO said: “It is now crucial to work on projects and on the capacity of our companies to develop mutually beneficial public-private and market partnerships to speedily contribute to the country’s ambitions and compete on an international scale.”
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