• COIMA Opportunity Fund III kicks off its investment program with an initial acquisition in Rome
• Diversified strategy focused on building reuse and energy transition
• Target of €500 million for the second closing, with an investment capacity of over €1 billion through co-investments and financing
• Investments finalized in Rome over the past 12 months exceed €500 million, with a target of over €1 billion in the city over the next 24 months

Milan, 11 june, 2025 – COIMA SGR (“COIMA”), a leader in the investment, development, and management of real estate on behalf of institutional investors, has completed the first transaction through COIMA Opportunity Fund III (COF III), acquiring a Rome office building for conversion and sustainable redevelopment into residential, following a first equity closing with a primary sovereign wealth fund.

COF III follows an investment strategy primarily focused on building reuse and energy transition, diversified across different market segments, with focus on the living sector. Classified under Article 8 of the SFDR Regulation, the Fund promotes environmental characteristics and objectives, aiming to align refurbished properties with the technical criteria of the EU Taxonomy for climate change mitigation and/or adaptation, in compliance with the 'Do No Significant Harm' (DNSH) principle and the Minimum Social Safeguards.

The equity target for the second closing is €500 million, with an investment goal of over €1 billion with co-investments and financing. The fund is being marketed to institutional investors across Asia, the Middle East, Europe, North America, and Italy.

With COF III, COIMA is also making one of its strategies accessible to the Wealth Management segment for the first time, through an exclusive investment vehicle reserved to the professional clients of Fideuram - Intesa Sanpaolo Private Banking. Exclusive events dedicated to these clients are scheduled in major Italian cities, including Milan, Rome, and Florence.

The first acquisition by COF III concerns a nine-story, free-standing building located on Via Carcani in the Trastevere district of Rome, currently leased to the Ministry of Universities and Research. The transaction involves a total investment of circa €50m aimed at decarbonizing the building and converting it into residential apartments.

The project is within the wider Urban Regeneration Program of the Porta Portese Area, promoted by the City of Rome to enhance the area through the architectural redesign of open spaces, the creation of new connections, and a redefinition of Via Portuense to transform it into a green urban street, including a new design for its riverfront facing the Tiber.

COIMA’s redevelopment of the building will focus on achieving market leading sustainability performance, with high energy efficiency and the use of renewable energy sources. The project will aim to achieve LEED certification, in line with the highest sustainability standards for residential buildings.

In total, COIMA has invested over €500m in Rome over the past 12 months, including the redevelopment of historic buildings such as Palazzo Verospi, Galleria Sciarra, and Palazzo Monte in partnership with Poste Vita.

Gabriele Bonfiglioli, Chief Investment Officer, COIMA, said: “The completion of the first transaction of COIMA Opportunity Fund III is an important milestone as we execute our strategy focused on decarbonising real estate through building-reuse to align it with the requirements of the energy transition. COF III is progressing towards its second closing with a €500 million target and an investment capacity of over €1 billion. Over the past 12 months, we have invested more than €500 million in Rome, mainly focused on enhancing existing buildings and particularly office-to-residential conversions. We have a target investment of over €1 billion in the city over the next 24 months. ESG drivers remain central to COIMA’s investment strategy for the next three years and we have decided to dedicate all new investment funds to financing, supporting, and enabling the transformation of urban areas and buildings from brown-to-green, in sectors such as residential, tourism, and other strategic areas. These funds will all be classified under Articles 8 and 9 of the European SFDR sustainability framework, with a total investment target of up to €2 billion.”

The transaction was financed by BPER with an €18 million green loan, a financing instrument dedicated to projects with a positive environmental impact.