Fondo Immobilium 2001, is an alternative closed-end real estate investment Fund, reserved to both private and qualified investors, established in May 2002 and with an original duration of 15 years (expiry date 31st December 2017) + 3 years extension option (the so called “grace period”).
On 10th December 2014, the Unitholders Meeting, as per art. 2-bis of the Fund Management Rule and pursuant to art. 22, clauses from 5-bis to 5-nonies of Law Decree 91/2014 enacted with amendment by Law 116/2014, positively deliberated the change to the By Laws to allow the extraordinary extension of the fund’s life for additional 2 years for the sole purpose to complete the divestment process of the real estate portfolio.
The original equity of the Fund (€ 130,000,000) has been raised “by cash” among investors though the placement of 26,000 units with a nominal value of € 5,000 each.
The Fund invests both in Italy and in EU countries with a focus on the domestic market. It invests both in direct and/or indirect real estate assets, with a specific focus on commercial properties (office and retail) as well as niche sector represented by research and academic buildings, museums and leisure related assets. The Fund can also invest in shares in real-estate companies, quoted or not quoted, whose purpose is the purchase, sale, management, rental with option to buy of real-estate, as well as the acquisition and disposal of beneficial real-estate rights.
Since 29th October 2003 the units of Immobilium 2001 have been listed on the MIV segments of Milan Stock Exchange dedicated to closed-end funds.