Mubadala Investment Company has committed up to €600 million ($691 million) across two real estate strategies managed by ADD Capital and focused primarily on the European living sector.
The strategies include an Italian living fund targeting affordable and market-rate housing, built-to-rent and student accommodation, as well as a European value-add fund investing in living, logistics and other strategic sectors across the continent. With a particular focus on Italy, the funds will reposition existing properties and develop new assets in markets where demographic trends are driving demand for affordable and high-quality housing.
ADD Capital is an independent institutional asset management firm founded in Milan by Mario Abbadessa, who previously served as senior managing director of Hines Italy. Abbadessa joined Hines Italy’s senior leadership in 2019 and oversaw more than €4 billion ($4.6 billion) of investments across M
