{"id":1767,"date":"2024-03-07T11:00:00","date_gmt":"2024-03-07T10:00:00","guid":{"rendered":"https:\/\/coima.com\/press_release\/italys-sovereign-wealth-fund-joins-coimas-flagship-impact-fund-with\/"},"modified":"2026-06-11T15:44:53","modified_gmt":"2026-06-11T13:44:53","slug":"italys-sovereign-wealth-fund-joins-coimas-flagship-impact-fund-with","status":"publish","type":"press_release","link":"https:\/\/coima.com\/en\/media\/press-releases\/italys-sovereign-wealth-fund-joins-coimas-flagship-impact-fund-with\/","title":{"rendered":"Italy\u2019s sovereign wealth fund joins COIMA\u2019s flagship Impact Fund with investment in 2026 Winter Olympics Legacy"},"content":{"rendered":"\n<ul class=\"text-paragraph-sm! md:text-paragraph-base! max-w-container-list! left !pl-5 coima-list-square wp-block-ensoul-list\" id=\"list-1\" role=\"list\" aria-label=\"List Content\">\n    \n\n<li class=\"wp-block-ensoul-list-element text-paragraph-sm! md:text-paragraph-base! wp-block-ensoul-list-element\" id=\"list-79aa21\">\n    <span class=\"float-left -ml-[var(--spacing-dimension-icon-list)] w-dimension-icon-list text-center select-none\" aria-hidden=\"true\">\u25a1<\/span>    <span><strong>CDP Real Asset invests \u20ac50m in the transformation of the Athletes\u2019 Village at Porta Romana into 1,700-bed student scheme after the Olympic Games<\/strong><\/span>\n<\/li>\n\n\n\n\n<li class=\"wp-block-ensoul-list-element text-paragraph-sm! md:text-paragraph-base! wp-block-ensoul-list-element\" id=\"list-79aaad\">\n    <span class=\"float-left -ml-[var(--spacing-dimension-icon-list)] w-dimension-icon-list text-center select-none\" aria-hidden=\"true\">\u25a1<\/span>    <span><strong>Investment sees COIMA\u2019s ESG City Impact Fund, Italy\u2019s largest urban regeneration fund, surpass \u20ac900m as COIMA launches new round of fundraising<\/strong><\/span>\n<\/li>\n<\/ul>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79ab30\"><strong><em>Milan, 8 March 2024<\/em><\/strong><em> \u2013<\/em> COIMA SGR, a leader in the investment, development and management of real estate assets on behalf of institutional investors, has secured \u20ac50m from CDP Real Asset for the transformation of the 2026 Olympic Village into Italy\u2019s largest purpose-built student accommodation development.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79aba9\">The investment by Italy\u2019s sovereign wealth fund has been made through the National Fund for Sustainable Housing (FNAS). FNAS is a closed-end alternative investment fund managed by CDP Real Assets, which aims to promote real estate projects of up to \u20ac1bn that have a strong focus on sustainability and social impact.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79abe3\">The investment sees CDP Real Asset join COIMA\u2019s ESG City Impact Fund (COIMA Impact), Italy\u2019s largest urban regeneration fund, which has now raised over \u20ac900m from leading Italian institutional investors. The fund has increased its target size from to \u20ac1bn to \u20ac2bn, with COIMA is now embarking on a fresh round of fundraising activity.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79ac18\">To deploy the \u20ac50 million investment in the 1,700-bed student accommodation scheme at Porta Romana, COIMA will establish a new fund, backed by FNAS and the COIMA Housing Fund, a closed-end real estate fund dedicated to the sustainable living that was launched by COIMA in March 2023 with a target size of more than \u20ac400m and an initial scheduled closing of around \u20ac300m.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79ac4b\">COIMA Housing, which focuses on the development of a range of types of social and subsidised housing, as well as the development and operation of student living schemes, is backed by COIMA Impact and Intesa Sanpaolo.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79ac7c\">The \u20ac50 million investment will see the ultra-sustainable 2026 Winter Olympic Village at Porta Romana transformed into high quality student accommodation after the Games, helping address a major shortage of student beds in Milan.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79acad\">The masterplan for the wider regeneration of Porta Romana, being developed by COIMA with co-investors Prada Holding, Covivio and the COIMA Impact, comprises housing, including social homes, as well as commercial uses and landscaped public realm, parks and gardens.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79acde\">COIMA Impact has a 5-star GRESB rating and a score that puts it among the highest rated sustainable real estate funds globally. The economic impact generated from investments to date through COIMA Impact, together with partnerships, co-investments and bank financing, has exceeded \u20ac2bn, with the ultimate goal of promoting projects worth more than \u20ac4bn.<\/p>\n\n\n\n\n\n<p class=\"leading-line-height-paragraph tracking-paragraph font-paragraph max-w-container-paragraph text-left text-paragraph-sm! md:text-paragraph-base!\" id=\"paragraph-79ad10\"><strong><em>Manfredi Catella, Founder and CEO of COIMA SGR, said:<\/em><\/strong> \u201c<em>We are honoured that Italy\u2019s sovereign wealth fund, Cassa Depositi e Prestiti, has joined COIMA\u2019s ESG City Impact Fund as co-investor in the transformation of the 2026 Winter Olympic Village into Italy\u2019s largest student accommodation development. This investment means the COIMA ESG City Impact Fund has now raised over \u20ac900m from primary institutional investors, underlining the value investors continue to place on sustainable urban regeneration that generates strong positive social and economic impacts. We now look forward to the next phase of fundraising for this flagship fund, which is rated as one of the most sustainable real estate funds globally.\u201d<\/em><\/p>\n","protected":false},"featured_media":1744,"template":"","meta":{"_acf_changed":false,"footnotes":"","immagine_archivio":"1765","sottotitolo":"","card_title":"Italy\u2019s sovereign wealth fund joins COIMA\u2019s flagship Impact Fund with investment in 2026 Winter Olympics Legacy","society":"coima","main_downloadable":"1766","display_sites":["com","sgr","rem"],"_ensoul_lang":"en","_ensoul_tr_group":"996e7472-b262-450b-b351-72f717442827","pdf_url":"https:\/\/coima.com\/app\/uploads\/2026\/03\/CS_COIMA_FNAS_VO_07_03_2024_IT.pdf"},"press-society":[44],"press-year":[48],"tipo-comunicato":[14],"class_list":["post-1767","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","press_society-coima","press_year-48","tipo_comunicato-altro"],"acf":{"immagine_archivio":1765,"sottotitolo":"","card_title":"Italy\u2019s sovereign wealth fund joins COIMA\u2019s flagship Impact Fund with investment in 2026 Winter Olympics Legacy","society":"coima","main_downloadable":1766,"downloadables":null,"display_sites":["com","sgr","rem"],"pdf_url":"https:\/\/coima.com\/app\/uploads\/2026\/03\/CS_COIMA_FNAS_VO_07_03_2024_IT.pdf"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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