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Finint SGR buys Palazzo Generali Padova for 15 mln

The Palazzo delle Assicurazioni Generali in VIII Marzo street (Padua) was sold to the Finint Fenice fund, managed by Finint Investments SGR. The official price has not yet been communicated, but according to initial rumors, the value transacted would be EUR 15 million.

The building consists of three connected blocks for a total area of 7,000 square meters distributed over 6 floors above ground and 1 basement. The ground floor is mainly intended for retail spaces, while on the upper floors there are offices and residential units. The acquisition of the asset was carried out through the Finint Fenice fund, a closed-end real estate fund, which is focused on properties with different intended uses: offices, hotels and shops.

Also in Padua, the fund anticipated its intention to invest in assets with a focus on the student housing segment.