Company Update February 2015
Introduction to IDeA FIMIT sgr IDeA FIMIT is controlled by DeA Capital with a 64.3% stake > DeA Capital is part of the De Agostini Group, a family-owned group, active worldwide, with around 5 bln in revenue in 2014 Drago family Boroli family Simplified structure of the De Agostini Group 2.4% stake in Assicurazioni Generali Publishing Media & Communication Gaming & Services Finance Partworks Direct Marketing Books Zodiak Media Group (84,2%) Atresmedia (20,9%) Gtech Group (59,5%) Italy (Lottomatica) Americas DeA Capital (58,3%) IDeA Capital Funds SGR IDeA FIMIT sgr (64,3%) International Innovation RE 2
Introduction to IDeA FIMIT sgr In a nutshell > IDeA FIMIT sgr is Italy s largest Real Estate Fund Management Company with approximately 9 bn of assets under management and a market share of 21% > Established in October 2011 as the result of the incorporation of First Atlantic RE sgr into FIMIT sgr, IDeA FIMIT sgr combines the experience of two of the main players in the Italian market > Over time, the company s funds have attracted several primary domestic and international investors, including pension funds, private companies, financial institutions as well as sovereign wealth funds > The Mission of the company is to develop, promote and manage real estate financial instruments to satisfy the demand of Italian and international investors, with a focus on institutional clients > IDeA FIMIT specializes in core investments with a smaller exposure to investments in value added > IDeA FIMIT pursues low levels of risk, stable cash flows, low volatility, and implements simple financial structures Rome, Via Flaminia Rome, Via Curtatone Milan, Piazza Cordusio Rome, Piazzale Mattei Milan, La Rinascente Rome, Piazza Kennedy Colonia, DB Campus Naples, Via Toledo 3
Why IDeA FIMIT sgr An ideal partner to invest in real estate Largest Italian real estate ~ 9 bln of assets under management 21% market share (1) Focus on "Core" Focus on yielding assets (80% of the portfolio) (3) in Milan and Rome Established relationships with high standing tenants Low use of leverage (31% LTV) (4) Significant benefits deriving from size and economies of scale High institutional profile Shareholder base includes De Agostini Group and some of Italy s most important pension funds Institutional investors account for ~85% (2) of the funds investor base Proven asset management Ability to maximize income from the income-producing properties Ability to implement successful exit strategies Experience in execution Ability to finalize complex deals in a short space of time Unique track record in real estate investments in Italy Attention to quality, cost management and timing 1. Based on AuM of the real estate funds included in the Assogestioni report, as of June 2014, plus AuM of Beni Stabili Gestioni sgr 2. Includes: Pension Funds, Insurance Companies and Banks 3. By value 4. Weighted average LTV of the funds under management 4
Why IDeA FIMIT sgr Largest Italian real estate fund > IDeA FIMIT is the largest Italian real estate fund with 37 real estate funds under management, and approximately 9 billion of aggregated assets Ranking of italian asset management companies ( bn)) 1 AuM 2 NAV AuM ~9.0 6.2 ~7,0 1 3 NAV AuM 5.5 4.2 4 AM company NAV AuM 5.0 2.9 5 AM company AuM 3.2 NAV 1.3 Total Italian real estate funds 41,5 Source: Assogestioni / IPD Italian Real Estate Funds June 2014 1 Investire Immobiliare SGR, Polaris Real Estate SGR, and Beni Stabili Gestioni SGR merged in December 2014. AuM is estimated based on December 2014 data, NAV is not available. 5
Why IDeA FIMIT sgr High institutional profile > IDeA FIMIT s shareholder base includes DeA Capital and some of the main national pension funds, both public and private > The shareholder structure is a key asset for the Company, allowing it to be recognized as an ideal partner for Italian and international institutional investors in real estate > IDeA FIMIT has a broad range of investors in its funds, including some of Italy s most important pension funds, that consider IDeA FIMIT to be their point of reference in the real estate fund management sector > IDeA FIMIT has about 80 institutional investors and more than 70.000 retail investors (1) INPS 29,7% Shareholders Enasarco 6,0% Pension funds Banks and insurance Institutional investors 68.5% 15.9% ENASARCO, INARCASSA, INPS, CNN, ENPAM, INPGI, CNPR, EPAP, Sanpaolo IMI pension fund, ex-crt employees pension fund Unicredit, Intesa, Banco Pop., BPM, Banca Marche, BPER, BPVi, Cattolica, Assicurazioni Generali, Aviva, Fondiaria SAI, UGF Assicurazioni, Reale Mutua Corporations 9.4% Exor, De Agostini Group, Redilco RE, Piaggio, Malacalza Group, Lamaro Group, ISMEA, Enel DeA Capital 64,3% Others 6.2% Conferenza Episcopale Italiana, Government of Singapore Investment Corporation, Whitehall (Goldman Sachs), Italian Foundations 1. Data on listed funds refer to the initial placement 6
Why IDeA FIMIT sgr Experience in execution: our track record > IDeA FIMIT s track record is unparalleled in the Italian market FIMIT sgr Fondo Alpha is the first Italian property fund created by asset contribution and the first listed on the stock exchange 1998 FIMIT sgr is incorporated upon initiative by Medio Credito Centrale and INPDAP 2002 FIMIT sgr Launch of Fondo Theta Immobiliare Listing of Fondo Delta (the first retail fund dedicated to hospitality) with a total value of over 210 million FARE sgr Launch of Fondo Atlantic 1, a contribution fund with 46 properties and a net asset value of 720 mln 2005 FIMIT sgr Launch of the Sigma and Gamma funds FARE sgr is incorporated 2006 FIMIT sgr Launch of Fondo Omega (contribution and lease back of 284 properties by the Intesa Group), Fondo Omicron Plus (contribution and lease back of 72 properties by the Unicredit Group), Fondo Eta and Fondo Tau FARE sgr Awarded the management of Fondo Atlantic 2 - Berenice, previously managed by Prelios sgr. Launch of Fondo Atlantic 6 and Fondo Atlantic 8 2007 2008 FARE sgr Launch of Fondo Ippocrate a fund dedicated to a private pension fund with assets of c. 1.8 bn as of end of 2012 2009 2010 FIMIT sgr Launch of Fondo Senior, a fund with social and ethical drive 2011 2012 FIMIT sgr Second contribution for Fondo Omicron Plus (179 properties) Launch of Fondo Rho through the contribution of a property portfolio by Gruppo Fondiaria SAI. FARE sgr Launch of Fondo Atlantic 12 IDeA FIMIT sgr 8 property funds are transferred from Duemme sgr 2013 Merger of FARE sgr into FIMIT sgr IDeA FIMIT sgr Launch of Fondo Conero and Fondo Sviluppo del Territorio IDeA FIMIT SGR Awarded the management of Spazio Industriale Fund previously managed by Prelios SGR Launch of IDeA FIMIT Sviluppo Fund Selected for the management of a Social Housing Fund sponsored by Cassa Depositi e Prestiti 2014 IDeA FIMIT SGR Launch of: Fondo MOMA through an equity contribution of Blackstone; Fondo Armonia (equity from Colony Cap. to invest in a Banca Intesa property portfolio) and Fondo Ambiente (Rome contribution from AMA) 7
Why IDeA FIMIT sgr Experience in execution: a few examples Date June 2002 March 2009 June 2006 December 2008 December 2008 December 2009 August 2011 Contributor Contribution Main details INPDAP Listed for 18.476 retail investors Created through fund raising, listed for 17.225 retail investors SPE for Goldman Sachs WhiteHall Fund, listed for 11.297 retail investors Immit of the Intesa San Paolo Group Historical offices of the Unicredit Group Fondiaria-SAI and Milan Assicurazioni Banche delle Marche 27 properties with an overall value 247 million 210 million 46 properties with an overall value of 636 million 284 properties with an overall value of 850 million 72 properties with an overall value of 950 mln (in 2009 another capital contribution of 179 properties) 15 properties with an overall value of 478 million 135 properties with an overall value of 270 million - First fund quoted in Italy and the first example of an sgr being given the task of value creation of public properties - First retail fund to invest in properties dedicated to tourism and recreational use - In 2009-2010 Delta bought a portfolio of 8 important multiplex properties - Properties from important portfolios of Immobiliare Metanopoli, Telecom and GS Carrefour - Omega is the first main example of Sale&Leaseback undertaken by an Italian bank to increase returns of its properties - Represents the most important example of innovation in the Italian propery market in 2008 - Properties include some historical offices of Unicredit like Palazzo Broggi in Piazza Cordusio in Milan, the bank s headquarters, and also the landmark office of Unicredit in via della Repubblica in Parma. - Financed by a group of banks: Unicredit Group, Banca Imi, BNP Paribas, Calyon, Société Generale, MPS Capital Services and BancaSAI -Third example of a bank undertaking Sale&Leaseback Listed Property Funds Contributions from Financial Instritutions 8
Why IDeA FIMIT sgr Proven asset management > In aggregate, the funds managed by IDeA FIMIT have consistently outperformed the IPD index for Italian pooled property funds in the past few years Cumulated performance: IDeA FIMIT funds vs IPD Italy Biannual Property fund Index (2004=100) Index 2004 = 100 200 180 160 140 120 100 80 60 40 20 0 Performance of some of the funds managed: IRR at the end of 2013 8,95% 9,57% 10,5% 12,0% 11,66% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 IPD Italy Biannual Property Fund Index IDeA FIMIT sgr Funds Source: IPD Italian Pooled Property Fund Indices, 31/12/2013. IDeA FIMIT data calculated using the same method as IPD: [(Nav variations + distributions - contributions) / Nav t-1 ] Note: 2014 data not yet available 9
Why IDeA FIMIT sgr Focus on "Core": high quality portfolio > IDeA FIMIT s real estate portfolio offers geographical diversification, with high exposure to the most important cities (about 70% in Rome and Milan) and exposure to income-producing assets (80%), mainly used as offices Assets under management by geography (1) ( Bn) Breakdown by main use (2) 18 297 32 3.391 55 297 403 72 248 256 69 2.533 55 0.2 149 Abroad (indirect investments) ~88,2 27 Industrial & Logistic 5% Nursing homes 0% Residential 3% Hotel/Leisure 5% Bank Branches 9% Breakdown by rental status (2) Vacant 20% Retail 9% Other/ Development 12% 8,2 Bn Office 57% 227 48 50 Rented 80% 1. Data as of 30/06/2014 2. By value, as of 30/06/2014 10
Why IDeA FIMIT sgr Focus on "Core": low leverage of managed funds > The weighted average Loan-to-Value of the funds managed by IDeA FIMIT is well below the limits set by the law. This ensures the solvency of the funds and leaves some room for additional resources to be invested > IDeA FIMIT funds have an average maturity of 8 years Retail Funds Funds (#) Assets (#) AuM ( Bn) NAV ( Bn) LTV (%) 5 92 2.0 1.1 42% Reserved Funds 30 968 7.0 5.1 28% 2 (2) 167 n.a. n.a. n.a. 37 1,135 9.0 (1) 6.2 31% 1. Data as of 30/06/2014 11
Real estate market scenario Italian real estate market: new opportunities materialising > IDeA FIMIT, as the clear market leader, is the ideal partner to seize the opportunities available in the Italian market KEY ISSUES OPPORTUNITIES Weakness of the Italian economy, which has delayed a recovery in the real estate market vs other European countries Until 2014: tight credit conditions and lack of liquidity Fundraising still difficult Unclear regulations and tax regime have discouraged foreign investors from «coming back to Italy» Privatization of RE assets belonging to the central and local PA Banks and Institutional investors need to increase the liquidity of their RE portfolios Maturity of most retail real estate funds with high quality portfolio Need for rescue capital and expenditures / property repositioning Property repricing/interest rates: high spread on fixed income yields Growing transaction volumes underpinned by international opportunistic investors, while core investors still lack Penetration of RE funds lower than in the largest European countries (1/2 Germany); zero exposure at private pension funds New legislation on REITs: a first, positive sign 12
Real estate market scenario Private wealth and transaction volume in Italy > Italy has the highest level of net private wealth among the developed economies > Including private debt, Italy does not have a critical level of indebtedness > Transaction volume sharply increased from 2013 thanks to foreign investors inflows > Weakness of the Italian economy and credit crunch continued to be a constraint for domestic investors 5,3 Net private wealth on disposable income Real assets Financial assets 6,3 Financial liabilities 7,9 8,1 8,2 140,5 Country Debt as % of GDP Private debt as % of GDP Public debt as % of GDP 142,7 157,4 184,8 296,1 US Germany Italy France UK Germany France US Italy UK Source: Banca d Italia, Ufficio Studi IDeA FIMIT; data as of 2013 Source: Eurostat, IMF, Ufficio Studi IDeA FIMIT; data as of Sep 2014 Non residential transactions in Italy ( bn) Investment Volume by Asset Class % Domestic Foreign +34,0% +62,1% 4,5 4,5 4,3 4,7 2,9 1,4 3,5 3,3 3,5 2,2 3,3 1,0 1,2 0,8 0,7 5,3 1,0 4,3 2009 2010 2011 2012 2013 2014 Source: Ufficio Studi - CBRE and BNP Paribas Mixed Hotels 4% 11% Logistc & Ind. 7% Other 1% 28% Office Source: CBRE 49% Retail 13
Real estate market scenario Downward trend in property prices closer to an end > There is high correlation among property value and GDP growth > The expected GDP expansion for the current year, should positively affect property values % 4 3 2 1 0-1 -2-3 -4-5 -6 GDP and Property value correlation Y/Y% IPD Capital growth property Index Real GDP Growth YoY % 2.2 1.7 1.7 1.7 0.9 0.4 0.4-0.4-1.2-1.9-2.4-5.5 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2015E Source: IPD, Bloomberg, Ufficio Studi IDeA FIMIT 14
Real estate market scenario Downward trend in property prices closer to an end > Real estate investments have historically outperformed other assets in the main European countries > Property value in Italy traditionally presented a very low volatility > Thanks to the all-time low BCE rates and to repricing, the current value of the spread between property and 10Yr BTP yields is at its all-time high > Real estate has become the asset class of choice for many investors 15 10 5 0 Total return from 2003 to 2012 for asset class in the main European countries (%) IPD Total return Property index 10 yr Govt bond Italy Germany France Source: Bloomberg, IPD, Ufficio Studi IDeA FIMIT Stock market UK Historical monthly volatility in Italy for stocks, govt bonds and property FTSE MIB Index volatility BTP 25yr price volatility 30% All Property real price Index volatility 20% 10% 0% Source: Bloomberg, Scenari immobiliari, Ufficio Studi IDeA FIMIT Capital growth: Real estate vs Stock market Current income: Real estate vs BTP 10yr (%) FTSE MIB index 10 Spread IPD capital growth property index 10 yr Govt yield 170 140 IPD Current yield Property index 110 5 2.9 4.1 80 1.4 50 0 2002 2004 2006 2008 2010 2012 2014 2003 2006 2009 2012 2015 Source: Bloomberg, IPD, Ufficio Studi IDeA FIMIT Source: Bloomberg, IPD, Ufficio Studi IDeA FIMIT 15
Real estate market scenario Prime yields are higher than in the main European markets > Real estate yields in Italy are among the highest in Europe Prime yields in Europe (%) Office Retail High Street Italy - Rome 6,20 Italy - Milan 4,90 Italy - Milan 5,60 Italy - Rome 4,90 Netherlands - Amsterdam 5,30 Finland - Helsinki 4,50 Spain - Barcelona 5,25 Spain - Madrid 4,50 Denmark - Copenhagen 5,25 Spain - Barcelona 4,50 Spain - Madrid 5,00 London - City 4,50 Austria - Vienna 4,60 Sweden - Stockholm 4,25 Germany - Berlin 4,55 Germany - Berlin 4,20 Finland - Helsinki 4,40 Netherlands - Amsterdam 4,00 Germany - Munich 4,30 Denmark - Copenhagen 4,00 London - City 4,25 Germany - Munich 4,00 Sweden - Stockholm 4,25 Austria - Vienna 3,90 France - Paris 3,75 France - Paris 3,25 London - WestEnd 3,75 Switzerland - Zurich 3,20 Switzerland - Zurich 3,20 London - WestEnd 2,50 Current yield Current yield Source: CBRE, Ufficio Studi IDeA FIMIT 16
Real estate market scenario Increasing spread of RE yields vs equities and bonds > Real estate investments in Italy now offer an attractive yield and record an increasing spread on government bond yields 5.0 Prime office Milan 6.3 Non prime office Milan 4.5 Prime High Street Fonte: CBRE, Bloomberg, Ufficio Studi IDeA FIMIT Net yields by Main use (%) 6.0 Prime shopping centers 7.0 Non prime shopping centres 7.5 Prime logistic 2.8 Dividend yield 12LTM FTSEMIB 7.1 BTP 10 yr (Jan 2012) 1.7 BTP 10 yr (Average 2015) Some of the recent investments in Italy Name / City Purchaser Price Yield Main use Portfolio Olinda Various AXA REIM 286 9,9% Retail Borgogioioso, Colonne e Valdichiana FOC Carpi/Brindisi/Valdichiana Blackstone 170 9,0% Retail Fiumara Shopping Center & Entert. Center Genova Allianz & ING Insurance 170 7,0% Retail Portfolio Arcese Various Blackstone 165 10,6% Ind. / Log. Airone & Valecenter Shopping Centers Venice Blackstone 145 8,5% Retail Limbiate Shopping Center Limbiate ING Insurance 145 7,5% Retail Sede Corriere della Sera Milan Blackstone 120 8,6% Office Galleria Borromea Peschiera Borromeo Europa Capital 82 7,5% Retail Meraville Retail Park Bologna Orion 76 8,5% Retail 8 Gallery Torino GWM 76 8,3% Retail Parco de' Medici - Building A Rome Blackstone 65 12,7% Office Fonte: Ufficio Studi IDeA FIMIT, various sources 17
IDeA FIMIT in 2014 Transactions restart: sales not yet compensated by fundraising > 2014 has seen a pick-up in the transaction volume, mainly driven by foreign institutional investors with an opportunistic approach > This has accelerated property sales, particularly by funds closer to their term, while recovery in fundraising was slower. 2 new funds launched in the 4Q 2014 10,000 9,500 9,000 IDeA FIMIT s AuM evolution in 2014 (before fund value adjustments) +450 mln 8,500 inflows -610 mln outflows 8,000 7,500 7,000 2013 2014 Source: IDeA FIMIT; inflows include Armonia and Moma funds (ca 300 mln, finalized in Q4 2014 18
IDeA FIMIT outlook IDeA FIMIT: 2015-17 action plan > In a context that remains difficult, but presents some opportunities, IDeA FIMIT is implementing a few key actions with the objective of compensating for property sales/fund reaching term, and of growing AuM in the medium term: Contributions to existing and new funds REITs (SIIQ) Development projects Contribution of properties belonging to institutional investors, including pension funds and banks, mainly used as offices and retail premises, to existing funds or to create new ones (e.g. the new Armonia Fund Colony Capital) New, tax efficient legislation on Italian REITs opens up opportunities for IDeA FIMIT to manage these vehicles and address new investors/markets Management of large residential, healthcare and office building construction projects in key locations (Northern Italy, Rome) Participation to tenders Participation to tenders for new or expiring mandates (mainly pension funds) Other projects Innovative projects including a fund to invest in renewable energy plants Fundraising with foreign investors; club deals for institutionals Sector consolidation 19 Further aggregation of smaller players, or acquisition of incremental masses 19
IDeA FIMIT outlook 2014 financials and 2015-17 outlook 2014F 2015-17 outlook AuM 8.6 bln (*) Low single digit CAGR Impact of property sales on AuM compensated by new initiatives Avg. % fee 0.60 Down ~5 bps Pressure on fees continues, mitigated by sector consolidation Revenues ~53 mln Broadly flat EBITDA ~23 mln Low single digit CAGR Cost control on personnel and G&A Note: 2014 net result will be penalised by - PPA amortisation 7,5 mln (estimated to go down to 1.2 mln by 2017) - impairments 7.4 mln (*) Excluding Armonia and Moma 20
Conclusions Key takeaways (in a few tweets) #1 Italy s largest RE fund manager, with a high institutional profile #Core Focused on Core/Core+ investments, with a low risk profile #leadership #market Perfectly positioned to confront the difficult phase in the Italian mkt and seize the medium-term opportunities First signs of a recovery in the Italian real estate market are materialising #strategy Many initiatives in the pipeline to re-launch growth, in the short and medium term #2015-17 Financial results expected to improve in 2015-17 10 giugno 2005 21
Back up
IDeA FIMIT sgr Our Funds: key data > Trophy assets # Fund name Launch Term AuM ( mln) Y/E 2014* 1 Alpha 27/06/2000 27/06/2030 435 2 Agris 29/12/2011 31/12/2021 91 3 Ambiente 30/10/2014 30/10/2029 150 4 Ailati 20/10/2006 31/12/2016 74 5 Ariete 09/11/2007 31/12/2022 90 6 Armonia* 28/11/2014 28/11/2021 175 7 Atlantic 1 01/06/2006 31/12/2016 624 8 Atlantic 12 30/12/2009 31/12/2017 11 9 Atlantic 2 - Berenice 14/07/2005 31/12/2018 205 10 Atlantic 6 21/07/2008 31/12/2016 50 11 Atlantic 8 18/12/2008 31/12/2016 29 12 Atlantic Value Added 29/12/2011 31/12/2020 50 13 Beta 01/01/2004 31/12/2017 143 14 Castello 04/04/2005 31/12/2016 34 15 Conero 04/08/2011 31/12/2023 246 16 Creative Properties 03/04/2006 31/12/2016 27 17 Delta 21/02/2006 31/12/2017 226 18 Eta 27/07/2006 29/12/2016 220 19 Gamma 15/03/2007 09/06/2019 286 20 Fondo Housing Sociale Liguria 30/07/2014 31/12/2039 11 21 IDeA FIMIT Sviluppo 20/12/2013 18/12/2043 15 22 Ippocrate 02/03/2007 30/06/2022 1,868 23 Moma* 30/07/2014 31/12/2021 127 24 Omega 22/12/2008 31/12/2023 627 25 Omicron Plus 30/12/2008 31/12/2023 858 26 Private RE 15/11/2006 31/12/2016 110 27 Rho Core 14/12/2009 14/12/2019 481 28 Rho plus 14/12/2009 14/12/2019 527 29 Senior 29/12/2009 29/12/2039 124 30 Sigma 15/05/2005 15/02/2020 163 31 SIPF No.2 01/09/2009 31/12/2022 30 32 Spazio Industriale 29/12/2005 31/12/2020 372 33 Sviluppo Territorio 28/11/2008 31/12/2021 19 34 Tau 20/11/2007 19/11/2017 71 35 Theta 18/12/2006 02/08/2036 190 36 Trentino RE 15/03/2007 31/12/2037 59 37 Venere 29/12/2011 31/12/2016 63 Funds in dark red color are retail (listed) funds The list includes two funds launched at the end of 2014 but not yet contributing to the fee income during the last year. Total AuM from feegenerating funds at Y/E were 8.6 bn, or 8.9 bn including the Armonia and Moma funds 23
IDeA FIMIT sgr Our Trophy assets: Milan > Trophy assets Via S. Radegonda 3/10 Milan Main use: Retail Gross area: 49.675 sqm Main tenant: La Rinascente Piazza Cordusio - Milan Main use: Office Gross area: 37.152 sqm Main tenant: Unicredit Real Estate 24
IDeA FIMIT sgr Milan (2) > Trophy assets Piazza Cavour, 2 Milan Main use: Office Gross area: 19.092 sqm Main tenant: Credit Agricole - The Carlyle Group Via Tortona 37 Milan Main use: Labs Gross area: 13.839 sqm 25
IDeA FIMIT sgr Milan (3) > Trophy assets Via Verdi, 7 Angolo Via Boito, 10 Milan Main use: Office Gross area: 3.688 sqm Main tenant: Unicredit Real Estate Via Martiri Di Cefalonia, 67 - San Donato Milanese Main use: Office Gross area: 38.254 sqm Main tenant: ENI Group - Credito Bergamasco 26
IDeA FIMIT sgr Milan (4) > Trophy assets Via Verdi 9, 11, 13 - Via Boito - Via Dell'Orso Milan Main use: Office Gross area: 19.850 sqm Main tenant: Cariplo pension fund Piazza Boldrini, 1 Milan Main use: Office Gross area: 37.613 sqm Main tenant: Eni Group 27
IDeA FIMIT sgr Rome > Trophy assets Piazzale Enrico Mattei, 1 - Rome Main use: Office Gross area: 37.167 sqm Main tenant: Eni Group Piazza Kennedy, 20 - Rome Main use: Office Gross area: 40.516 sqm Main tenant: Ministry of Education 28
IDeA FIMIT sgr Rome (2) > Trophy assets Via Cavour 5 / Via F. Turati 38/40 - Rome Main use: Office Gross area: 17.702 sqm Main tenant: Internal Affairs Ministry Via Flaminia N. 133-135-137 - Rome Main use: Office Gross area: 6.067 sqm Main tenant: Service companies 29
IDeA FIMIT sgr Rome (3) > Trophy assets Da Vinci Center - Rome Main use: Office Development Gross area: 8.034 sqm Main tenant: American Express Via Romagna, 17 Rome Main use: Bank branches Gross area: 2.613 sqm Main tenant: Banca Marche 30
IDeA FIMIT sgr Florence > Trophy assets Piazza Della Libertà 6 - Via Lorenzo Il Magnifico 1/17 - Florence Main use: Office Gross area: 23.446 sqm Main tenant: Ca.Ri. Di Lucca, Pisa E Livorno and other financial companies Via Dei Vecchietti 11 - Florence Main use: Office Gross area: 6.385 sqm Main tenant: Unicredit Real Estate 31
IDeA FIMIT sgr Naples and Trento > Trophy assets Via Toledo 185 Naples Main use: Office Gross area: 10.363 sqm Main tenant: Intesa Sanpaolo Via Galileo Galilei 1 Trento Main use: Office Gross area: 6.666 sqm Main tenant: Unicredit Real Estate 32
IDeA FIMIT sgr Cologne > Trophy assets Deutsche Bank Campus - Cologne Main use: Office Gross area: 23.766 sqm Main tenant: Deutsche Bank 33
IDeA FIMIT sgr Via Mercadante 18 00198 Roma T. (+39) 06 681631 F. (+39) 06 68192090 Via Brera 21 20121 Milano T. (+39) 02 725171 F. (+39) 02 72021939 www.ideafimit.it