The tool is called Flower. It is the name of the fund through which Generals and Enpaia (the National Board for Agricultural Workers and Employees) will invest together again in the sector real estate, focusing in particular on two office buildings built in 2021 in Assago, headquarters of Accenture and Bnp Paribas in the southern area of Milan. An operation worth 188 million euros.
For Fleur investors, to be precise, will be three because the shares of the fund, which will be managed by General Real Estate, will be divided equally between Generali itself, through the Real Estate company (36%) and Enpaia (36%), the remaining 28% to Brioschi Real Estate Development of the Cabassi family.
A note from the private pension fund explains that "the assets, respectively 31.000 m11.000 and XNUMX mXNUMX, are entirely leased with long-term contracts for Accenture e BNP Paribas, and are located in Milanofiori Nord, an area south of Milan with a business and residential vocation, characterized by excellent connections thanks to the presence of the MM2 underground and motorway junctions”.
“The turn over of the Enpaia real estate portfolio proceeds, as already happened with the PwC Tower in Citylife, with the gradual reuse of the resources deriving from the disposal plan, towards new generation investments equipped with modern construction standards and equipped with ESG certifications ", he said George Square, president of the Enpaia Foundation”.
