SGT CPI 2 Italy Real Estate Fund is the real estate fund managed by Sagitta Sgr.

The Fund is subscribed by funds advised by Lodge Quai Advisors LLP.

The Fund acquired from Mint Street Holding Spa several buildings for mixed management / instrumental use located in Ozzano nell’Emilia (Bologna). The property is one of the main offices of IMA Group, one of the world leaders in the design and production of automatic packaging machines. The company is listed on the STAR segment of the regulated market of the Italian Stock Exchange. The property is leased with a 15 year triple net contract.

The investment strategy of the Fund involves making investments in mission critical properties leased with long-term triple or double net contracts to high quality investment grade tenants with the aim of distributing constant long-term cash flows to its investors.

The Fund’s investment target is €100 million in equity to be raised.

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Obton Italy Fund is a closed-end multi-segment real estate fund reserved for professional investors dedicated to renewable energy infrastructure.

The Obton Italy fund has been reclassified from art. 6) SFDR to art. 8) SFDR, becoming Sagitta SGR’s first ESG compliant fund, reaffirming the SGR’s increasing commitment to ESG issues.

 

The subscribers are companies incorporated under Danish law, belonging to the group of the investor Obton, one of the most active European players in the renewable energy sector and in particular in investments in photovoltaic plants (“Obton”).

The Obton Primo sub-fund currently owns a portfolio consisting of 37 photovoltaic plants for a total capacity of 33 MW.

The Obton Secondo sector has a portfolio of 57 photovoltaic plants for a total capacity of 47MW. The plants are connected to the grid and operational; and are located throughout the Italian territory. The Fund’s investment strategy consists in making investments in the renewable energy sector, in particular in already leased photovoltaic plants, with the aim of creating value and distributing constant long-term cash flows to the Fund’s investors. The financing banks of the Fund are Natixis, Unicredit, Intesa SanPaolo and, for Obton Secondo, also Infranity (formerly Generali Global Infrastructure). The launch of a third sector is planned.

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Aster Fund

Aster Fund is the owner of a residential real estate development project that is located on an area of ​​300 thousand square meters located in the metropolitan area of ​​Milan (Municipality of Segrate), on which a Smart District of about 90 thousand square meters will be built, immersed in 80 thousand square meters of park. The innovative concept, which combines digital technology, energy efficiency and architectural design, will be developed by Sagitta SGR, manager of the Aster fund, which is owner of the area, with the participation of important technological partners.
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SGT Sansedoni is a closed-end real estate fund, reserved to professional investors and managed by Sagitta Sgr.

The Fund is one of the main steps of a complex arrangement with creditors aimed at the financial restructuring of Sansedoni S.p.A., a historic real estate company established in Siena in 1999 as a property and investment company related to MPS banking group and the MPS Foundation.

By transferring the Sansedoni properties to the Fund against the conversion of mortgage creditors into capital subscribers of the Fund itself, the operation was definitely an innovative way to manage UTP credits. In addition to the participation of the banks, the Fund raised capital for a total of 13 million euros, guaranteed by the MPS Foundation (3 million) and by Arrow Global (10 million) to be allocated mainly to the creation of capex on properties, both increasing the value of the assets and of the credit recovery, compared to the judicial liquidation scenario.

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SGT ACO Umbrella Fund (Italy) Fund – Real Estate Sub-Fund 1 is the sub-fund of the SGT fund ACO Umbrella which invests in real estate assets.

The Fund started operations in March 2021 and has currently raised €758 million.

The Fund’s exclusive advisor is Europa Investimenti. The investment strategy is aimed at obtaining a net return for investors of 13% (IRR target) over a total period of 8 years, of which the first three are dedicated to investments and the subsequent ones (max 5) to the realization of the assets.