Cattolica receives international award for real estate operation with Conad
The only Italian company amidst the victors, Cattolica received the Silver Regional Award from IPE in the “Other countries and regions” category
Verona, 23 May 2019
In the presence of institutional investors, asset managers and service providers from across the globe, Cattolica Assicurazioni was awarded the prestigious Silver Regional Award in the “Other countries and regions” category at the IPE Real Estate Global Conference 2019 held in Amsterdam.
The only Italian company to be included amongst the winners, Cattolica received recognition as a “valid regional player with ambitions for growth. The Conad Mercury Fund is a good example of long-term cash flow, good diversification and results.” The award, now in its fifteen edition, recognises excellence and innovation in real estate investments by institutional operators.
Massimo di Tria, Chief Investment Officer of the Cattolica Assicurazioni Group, said: “We are very proud that a qualified jury such as the IPE Real Estate Global Conference 2019 has given us this prestigious award, a testament to the managerial skill and strategic vision of Cattolica in real estate. The Mercury Fund, with the involvement of an important partner like Conad, is a fitting union between the cooperative world of insurance firms and the world of mass retailing and is offered as an innovative investment model for the real estate sector. Through this vehicle, we will increase the geographic and sectoral diversification of our real estate assets, in line with the key principles of the Group’s 2018-2020 Business Plan.”
Salvatore Ciccarello, General Director of Cattolica Immobiliare, who collected the award, said: “Cattolica Immobiliare has offered Cattolica Assicurazioni its expertise and the strength of its team in order to invest with a degree of specialisation, which has produced and is producing significant results. We believe strongly in this specialisation, which will hopefully allow us to undertake operations also in other sectors in order to make the most of our vast experience and maximise returns in an increasingly selective market.”