funds

Our funds are the instruments designed to strengthen project development and stakeholder engagement
in affordable housing, student housing and social
impact urban regeneration projects in Lombardy
and the surrounding strategic areas.

The Fondo Immobiliare di Lombardia Comparto Uno (FIL1) is the first closed-end real estate fund reserved for qualified investors and dedicated to affordable housing in the Lombardy region.

Promoted by Fondazione Cariplo and Regione Lombardia, FIL1 counts among its unitholders major institutions such as the Fondo Investimenti per l’Abitare (FIA), managed by CDP Real Asset SGR and subscribed by Cassa Depositi e Prestiti for €1 billion.

 

FIL1’s purpose is to optimise the use and integration of public and private resources accumulated over time, in order to address the growing demand for housing through the creation of new opportunities across the Lombardy region. Other unitholders include Banco BPM, Cassa Italiana di Previdenza ed Assistenza dei Geometri, Generali Italia, Intesa Sanpaolo and UniCredit. The Fund has raised total subscriptions of €560 million.

 

The Fund promotes environmental and social characteristics pursuant to Article 8 of EU Regulation 2019/2088 (SFDR), but does not have sustainable investment as its purpose.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

The Fondo Immobiliare di Lombardia – Comparto Due (FIL2) has been operational since 16 July 2012 and is dedicated to social housing.                    The Fund counts among its shareholders institutional investors such as FIA, Regione Lombardia and Fondazione Cariplo, with total subscribed capital of €30 million.

FIL2 counts among its unitholders major institutions such as the Fondo Investimenti per l’Abitare (FIA), managed by CDP Real Asset SGR and subscribed by Cassa Depositi e Prestiti for €1 billion.

 

The Fund promotes environmental and social characteristics pursuant to Article 8 of EU Regulation 2019/2088 (SFDR), but does not have sustainable investment as its purpose.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

Re-City is a real estate fund dedicated to experimenting with new models of affordable living through the availability and accessibility of residential units, for rent and for sale, and services at affordable prices.

The fund aims to transform distressed assets and degraded areas that negatively impact both the environment and the surrounding urban fabric, returning them to communities and generating new opportunities for local sustainable development and improved urban quality. In these urban regeneration projects, a central role is reserved for the establishment and long-term management of a local social and solidarity economy ecosystem.

 

Re-City is a sustainable investment pursuant to Article 9 of the SFDR (EU Regulation 2019/2088), makes a substantial contribution to climate change mitigation in accordance with the EU Taxonomy (EU Regulation 2020/852), and carries out sustainable investments with social impacts.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

The new Pavia Fund is a sustainable investment through which Near sgr is working alongside Fondazione Monte di Lombardia on the urban regeneration of the former Neca industrial area, a highly strategic site along the Navigliaccio canal, well connected by virtue of its location adjacent to Pavia’s railway station and historic city centre.

The fund will drive a new project for the enhancement and transformation of the area through a mixed-use approach combining social, urban, commercial and environmental development. Among other features, it will include the establishment of a subsidised university campus offering accommodation for 500 out-of-town students, a much-needed resource in support of the city’s excellent university system.

 

The Pavia Fund is a sustainable investment pursuant to Article 9 of the SFDR (EU Regulation 2019/2088). It makes sustainable investments with environmental impact in economic activities not considered environmentally sustainable under the EU Taxonomy (EU Regulation 2020/852), but which comply with the DNSH principles, and makes sustainable investments with social impact.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

Redo Sesto Fund is a real estate fund dedicated to the redevelopment of the former Falck area, one of the most significant urban regeneration and conversion programmes of an industrial site in Europe.

The MilanoSesto project involves the regeneration of an area of almost 1 million square metres in the municipality of Sesto San Giovanni, through a mix of social, environmental and urban functions.

 

Redo Sesto Fund II promotes environmental and social characteristics pursuant to Article 8 of EU Regulation 2019/2088 (SFDR), but does not have sustainable investment as its purpose.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

The Unione Zero Resi Fund is a real estate fund dedicated to the redevelopment of a portion of the “Unione Zero” plot within the former Falck area, with the purpose of delivering subsidised residential construction across an area of approximately 27,000 sqm.

Strategically located in relation to Sesto San Giovanni’s metropolitan and rail transport network, the fund will deliver over 400 affordable housing apartments along with retail and service spaces, in a context that will also host the Lombardy Region’s City of Health, alongside office buildings, student housing, hotel accommodation, and both market-rate and subsidised residential units.

 

The Unione Zero Resi Fund is a sustainable investment pursuant to Article 9 of EU Regulation 2019/2088 (SFDR), committed to real estate projects involving urban regeneration with high social impact, through the development of residential construction and the inclusion of local social, healthcare and commercial services.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

EuroMilano Fund is a real estate fund dedicated to urban regeneration with social impact and to the development of market-rate, subsidised and social residential construction, encompassing residential and local services designed to meet the social, welfare, healthcare, cultural and commercial needs of the community.

EuroMilano Fund is a sustainable investment pursuant to Article 9 of the SFDR (EU Regulation 2019/2088), makes a substantial contribution to climate change mitigation in accordance with the EU Taxonomy (EU Regulation 2020/852), and carries out sustainable investments with social impact.

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

The Fondo Immobiliare Ex Caserme Montelungo-Colleoni is a closed, reserved alternative real estate investment fund, established to carry out the transformation and regeneration of the former Montelungo and Colleoni Barracks area in Bergamo.

 

The Fund invests in the redevelopment and functional conversion of the site, with the creation of a new university campus, student residences, housing, public spaces, services and commercial functions, operating in accordance with environmental and social sustainability criteria.

The Fondo Immobiliare Ex Caserme Montelungo Colleoni is both an environmentally and socially sustainable investment pursuant to Article 9 of EU Regulation 2019/2088 (SFDR) and EU Regulation 2020/852 (EU Taxonomy).

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

Comparto A of the SICAF externally managed by Near sgr focuses on Purpose Built Student Accommodation (PBSA), with the development of a subsidised student residence and commercial spaces serving the student community, across approximately 19,000 sqm.

The scheme forms part of the redevelopment of the former Mameli Barracks, located between the Niguarda and Bicocca neighbourhoods of Milan, in close proximity to metro line M5. The purpose is to transform an urban void into a new space of high architectural and urban quality, integrating residential, cultural and commercial functions alongside services open to the wider city.

 

AREEF 3 BTR & PBSA Comparto A – SICAF is both an environmentally and socially sustainable investment pursuant to Article 9 of EU Regulation 2019/2088 (SFDR) and EU Regulation 2020/852 (EU Taxonomy).

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

Comparto B of the SICAF externally managed by Near sgr focuses on Build to Rent (BTR), with the development of approximately 17,000 sqm of market-rate rental residences, aimed at meeting the growing demand for flexible, high-quality and accessible housing in major urban centres.

The scheme is located within the former Mameli Barracks area, a strategic site for urban regeneration in northern Milan, between the Niguarda and Bicocca neighbourhoods. The plan provides for a mixed-use programme of residences, commercial spaces, green areas and community services, in a context that brings together historical heritage, social inclusion and environmental sustainability. The project contributes to the transformation of a decommissioned military site into a new, connected, attractive and accessible urban space, maintaining a dialogue with the existing listed buildings.

 

AREEF 3 BTR & PBSA Comparto B – SICAF is an environmentally sustainable investment pursuant to Article 9 of EU Regulation 2019/2088 (SFDR) and EU Regulation 2020/852 (EU Taxonomy).

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR

Torre Spaccata Fund is a real estate fund targeting sustainable investments pursuant to Article 9 of EU Regulation 2019/2088, to be achieved through the investment of its assets in real estate initiatives focused on urban regeneration, primarily the conversion of a built-up area in Rome, Via di Torre Spaccata, through a residential project encompassing market-rate, social housing and subsidised units.

Torre Spaccata Fund is both an environmentally and socially sustainable investment pursuant to Article 9 of EU Regulation 2019/2088 (SFDR) and EU Regulation 2020/852 (EU Taxonomy).

SUSTAINABILITY DISCLOSURE                                        pursuant to Article 10 SFDR