Italian fund manager Fimit has completed the acquisition of 284 properties from bank Intesa Sanpaolo for a total of EUR 850 mln. The assets, which offer over 420,000 m[sup]2[/sup] of commercial space, were transferred before the New Year to Fimit's Omega real estate fund. Fimit said it is retaining around 30% of the fund's units, with 70% being held by several institutional investors including Intesa Sanpaolo, Fondiaria Sai as well as pension funds Inarcassa and Enasarco.
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