Poste Vita and Generali team up to invest €400m in European real estate
Poste Vita and Generali have entered an agreement to co-invest in European real estate markets.
The two Italian insurers said they have signed a framework agreement and will each commit €200m.
Generali Real Estate, a subsidiary of Generali Group, will manage and develop investments.
In a joint statement, Poste Vita and Generali said: ”The agreement represents an innovative initiative and a unique opportunity for the two institutional investors to share strategies and selection criteria for investments, generating significant synergies in the real estate sector.”