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Becoming a fully fledged fund management business

The Group will continue to focus on and leverage upon its core expertise in the real estate development sector.

The Group has evolved into a fully fledge fund management business exploiting the experience and know-how of its different business units.

Our strategy heads to the creation of a balanced and well diversified development real estate fund (the "Fund") focused on the Italian market with a target investment size of Euro 500 m . We plan to invest in this project alongside an Institutional Investor partner(s) to create a solid and growing platform for development investment in Italy.

The Group provides the Fund with all the real estate services in its portfolio. The objective is to deliver sustainable value through profitable growth leveraging on Group know-how, experience and expertise.

In addition to the Fund management business, the Group retain its focus on opportunistic trading activities throughout Italy and across sectors.