iAM Capital Group acquires Milan and Rome portfolio

iAM Capital Group, a global alternative investment company, has completed the acquisition of a real estate portfolio comprising 22,357 m2 in Rome and Milan for more than €30 mln.

The deal was struck on behalf of iAM's recently launched Italian investment fund, iAM Capital Italia 1.

The portfolio consists of four assets, three of them located in greater Milan, and a trophy asset in a prime location in Rome. iAM Capital intends to enhance the value of the portfolio through renovations and re-leasing activities.

Together with the assets purchased in central Milan at the beginning of July, the Fund which, was launched in early July, has already completed transactions of nearly €40 mln.

Emanuel Arbib, CEO of iAM Capital Group said: 'This latest acquisition represents iAM Capital Group's third real estate transaction in Italy this year.

'With our recent investment in Tecma, one of the most innovative prop tech companies in the world, and our recent acquisition of a 4.5MWp solar PV portfolio in Southern Italy, we are establishing a new portfolio of Italian assets that we believe have the potential to increase significantly in value.

'We intend to continue to focus on the Italian real estate market, which is one of the strategic target markets for our funds.'

The fund is wholly owned by iAM Capital fund SICAV, a Luxembourg RAIF launched in late 2020.

iAM Capital Group is a London based global investment group, active in real estate and renewable energy.


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