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Fundraising - MAY 12, 2021

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COIMA to launch three new funds, pour €5b into urban regeneration

by Kali Persall

Italian real estate investor COIMA is planning to launch three new thematic investment vehicles in the next year and a half: a €2 billion ($2.4 billion) evergreen fund with a focus on prime assets and a develop-to-core strategy; a €1 billion ($1.2 billion) Private Rented Sector fund investing in all residential subsectors including student housing and senior living; and a €500 million ($607 million) value-add COIMA Opportunity Fund III.

COIMA focuses its investment program on regeneration in Italian cities with projects that can contribute to urban economic development, on behalf of sovereign wealth funds and institutional investors from Europe, the United States, Canada, Asia, the Middle East and Italy. Over the past five years, COIMA has contributed some €3 billion ($3.6 billion) to urban regeneration projects. The firm is seeking to invest another €5 billion ($6 billion) in such projects over the coming five years.

Concurrently, COIMA has established a hol

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