Italy’s sovereign wealth fund joins Coima’s flagship impact fund with investment in 2026 Winter Olympics Legacy

COIMA SGR, a leader in the investment, development and management of real estate assets on behalf of institutional investors, has secured €50 million ($55 million) from CDP Real Asset for the transformation of the 2026 Olympic Village into Italy’s largest purpose-built student accommodation development.

The investment by Italy’s sovereign wealth fund has been made through the National Fund for Sustainable Housing (FNAS). FNAS is a closed-end alternative investment fund managed by CDP Real Assets, which aims to promote real estate projects of up to €1 billion ($1.1 billion) that have a strong focus on sustainability and social impact.

The investment sees CDP Real Asset join COIMA’s ESG City Impact Fund (COIMA Impact), Italy’s largest urban regeneration fund, which has now raised more than €900 million ($982 million) from leading Italian institutional investors. The fund has increased its target size from to €1billion to €2 billion ($1.1 billion to $2.2