This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies on the New York Stock Exchange and Nasdaq in the second half of 2021..
By IPE staff2021-02-10T12:41:00+00:00
German pension fund Nordrheinische Ärzteversorgung has partnered with an Invesco Real Estate fund to invest €150m in an Italian residential project.
The doctors’ pension fund, as a separate account client of Invesco, has formed a joint venture with the manager’s open-ended European Living Fund to invest in the 53,000sqm SeiMilano site which will be used for the construction of 600 apartments spread over 11 buildings.
Invesco said the urban regeneration project is being developed by Borio Mangiarotti and Värde Partner, the construction company will be Borio Mangiarotti. The project is expected to complete in 2024.