Cattolica Immobiliare: double international award for Fondo Innovazione Salute
Verona, 23 September 2020. Cattolica Assicurazioni has been recognised for the second consecutive year at the IPE Real Estate Global Conference. At the 2020 edition, which took place virtually due to the consequences of the Covid-19 pandemic, the Company, which was the only Italian winner, received two awards in the “Other countries and regions” and “Newcomers” categories. The 2020 IPE Real Estate Global Conference, now in its sixteenth year, rewards excellence and innovation in the real estate investments of institutional operators.
Cattolica was recognised for the Fondo Innovazione Salute (“Health Innovation Fund”), subscribed in 2018 with Coopselios, which specialises in residential care homes for the elderly. Formed and managed by Savills Investment Management SGR S.p.A., the Fund has Cattolica as the majority investor and its only insurance player, while Coopselios is the contributor, minority investor and operating partner. Initially, 10 selected RCHs were contributed to the Fund in two tranches. This number has now increased to 11, for a total of approximately 900 beds.
The Silver Regional Award and the Silver Themed Award endorsed “an ambitious project to allow the group to benefit from diversifying beyond traditional sectors and its home market” and defined the Company as “a good regional player continuing its path towards growth and solid performance”.
This was another success for Cattolica Assicurazioni, which last year received the Silver Regional Award in the “Other countries and regions” category for Fondo Mercury, a real estate fund subscribed with Conad.
Massimo di Tria, Chief Investment Officer of the Cattolica Assicurazioni Group, said: “These new awards, approved by the prestigious judges of the IPE Real Estate Global Conference 2020, endorse our managerial capacity and strategic vision in the investment sector. The Fondo Innovazione Salute, in which our unanimously recognised and valued partner Coopselios is an investor, is an innovative investment model for the real estate sector in the long-term growth area of elderly care. This operation has also enabled us to consolidate the geographical and sectoral diversification of our real estate assets”.
Salvatore Ciccarello, General Manager of Cattolica Immobiliare, said: “The real estate market is increasingly selective, which is why Cattolica Immobiliare will pursue its strong focus on diversification, not only at the geographical level, but also in terms of asset classes. Cattolica Immobiliare's team, whose expertise and strength were again endorsed by a prestigious double international award this year, continues to focus on this specialisation, which will enable us to carry out new operations, including in non-traditional sectors, in order to capitalise on our experience and maximise returns.”
In the photo: the General Manager of Cattolica Immobiliare, Salvatore Ciccarello, with the two awards.