Inarcassa, the Italian pension fund for self-employed engineers and architects, has mandated fund manager Fabrica to create and manage a new EUR 600 mln real estate investment fund. The appointment of Fabrica follows a bidding process launched by Inarcassa in the summer of 2009 for the management of the pension fund's real estate assets. Several major players in the Italian fund management industry participated in the bidding, including Fimit, BNP Paribas REIM, Hines Italia and Pirelli Real Estate.
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