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Beni Stabili given go-ahead for Italy’s largest SICAF

Posted: 27 January 2017

Beni Stabili has been given the green light to create a fund to house its € 1.54 bln Telecom Italia real estate portfolio.

The move will create Italy’s largest SICAF, a type of alternative investment fund.

The Telecom Italia portfolio makes up a large proportion of the property company’s € 3.9 bln in assets.

Beni Stabili is listed on the Milan and Paris stock exchanges.