Generali Real Estate cross-border investment program has been set up to offer to investors a variety of investment strategies.
Such strategies are implemented through 10 funds managed by Generali Real Estate SGR and are characterized by:
Cross-country exposure in terms of underlying assets, boosting geographical diversification
High quality of underlying assets in terms of location, tenancy, physical features and ESG policies
Mono/single destination of use, allowing investors to independently allocate its capital across various destination of use based on its conviction and Strategic Asset Allocation
Moderate level of debt, increasing results but still granting low risk financial leverage
Generali Europe Income Holding (GEIH)
High quality, stable portfolio
Open ended vehicle investing in prime office and high street retail assets located in central locations of top European cities backed by low to nil vacancy and by stable rental income.
The portfolio has a major exposure in France, Germany and Italy and has reached total AuM > €3.7 bn.
Generali Core High Street Retail Fund (GCHSR)
Resiliency on top retail locations
Open ended vehicle, launched in 2019, focused on investments in most prestigious European high streets/prime urban shopping centres able to deliver a resilient and stable income stream and simultaneously preserve underlying asset capital value.
The fund has a core risk return profile.
Generali Real Estate Living Fund (GRELIV)
New residential structural trend
Open ended vehicle with a core risk return profile with investments focused in residential destination of use, with an allocation to undersupplied sub sectors such as senior living and Multifamily.
The fund will target a diversified set of countries characterized by strong fundamental and cash flow stability.
Generali Shopping Center Fund (GSCF)
Contrarian play with long term view
Open ended vehicle focused on investments in resilient shopping centre (mostly proximity and super regional malls) in Continental Europe able to defend turnover.
It focus on experiential and convenience shopping-centres, long leases, no speculative risk, new or recently developed assets.
The fund has a target GAV of €5bn, to be reached in 10 years from launch.
Generali Real Estate Logistics Fund (GRELF)
Generali Core Plus Fund (GCPF)
Balance between return and quality
Open ended vehicle with a core plus risk return profile, able to generate recurring income stream and opportunistically benefit from re-positioning angle to create extra-value.
It focuses on European Champion cities with strong tenant demand, market transparency, liquidity and mid-term potential
Generali Real Estate Asset Repositioning (GREAR)
Generali Real Estate Debt Investment Fund (GREDIF)
Senior debt on high quality assets
Closed ended vehicle aimed to deliver stable and recurrent income distribution with low correlation to the wider property and investment markets.
The strategy is focused on investments in first mortgages senior loans with 5 to 7 year maturities with LTV ~60%. The underlying asset will cover the core; core + and value add risk return profile.
Generali Real Estate Debt Investment Fund II (GREDIF II)
Senior debt on high quality and ESG assets
Closed ended vehicle, classified as article 8 accordingly to the Sustainable Financial Disclosure Regulation “SFDR”.
The strategy is focused on investments in first mortgages senior loans with 5 to 7 year maturities with LTV up to 60%. The underlying asset will cover the core; core + and value add risk return profile.
Generali Real Estate Multi-Manager Asia Fund (GREMMAF)
Indirect active overseas exposure
Closed ended fund of funds focusing on most mature and stabilized markets in Asia Pacific (Australia, Japan, Singapore, South Korea, Hong Kong and top cities in China) across core/core plus/ value add risk return prolife.
The indirect structure allows to access best in class managers and high-quality underlying real estate assets.
Office & Retail over France and Eu
SC GF PIERRE is an AIF in the form of French civil partnership with capital variable, managed by Generali Real Estate SGR.
The underlying portfolio is composed by office, retail, and residential assets that are able to provide exposure to stable and resilient assets.