COIMA, an Italian ESG-led investor, developer and asset manager, has launched a new closed-end real estate fund dedicated to social housing.
The COIMA Housing Fund will focus on the development of a range of types of social and subsidized housing, as well as student accommodations. COIMA Housing has a target size of more than €400 million ($424 million), with an initial scheduled closing of around €300 million ($318 million).
The COIMA ESG City Impact Fund (CECIF), Italy’s largest dedicated urban-regeneration fund, serves as the primary investor and sponsor of COIMA Housing. Banking group Intesa Sanpaolo will also enter COIMA Housing, in line with its mission to support the development of 8,000 social-housing homes for young people and seniors.
In related news, COIMA also has created a new platform aimed at the development of social and subsidized housing in partnership with Consorzio Cooperative Lavoratori (CCL), a consortium of housing cooperatives, and
