Munich Re buys into Generali’s office building in London

Generali Real Estate Sp.A and MEAG have closed a co-investment agreement allowing MEAG (on behalf of Munich Re) to acquire 50 percent of the shares in the special purpose vehicle (spv) owner of Fen Court, an office building located at 120 Fenchurch St., London EC3. The Generali Group will continue to hold 50 percent in the same vehicle, and Generali Real Estate will continue to act as asset manager.

“We continue our practice of sharing 50 percent of the ownership of high-quality buildings in major European cities with primary international co-investors,” said  “This partnership involves an iconic skyscraper in the heart of the financial district in London, representing a perfect example of our commitment to advancing sustainability standards in the real estate sector, and of our consolidated experience in real estate investment management at European level.”

Munich Re will be both a co-investor alongside the Generali Group, and an oAldo Mazzocco, CEO at Gene