A consortium led by Italian property company Prelios’ fund management business has won a tender to manage Italy’s pension agency INPS’s real estate assets.
The winning Temporary Consortium of Companies, whose mandate still has to be formalized, is 32% controlled by Prelios and includes Italian property group Gabetti’s management business Abaco (18%), STI Group’s EXITone (20%) and Paris-listed Veolia Group’s Siram (30%).
The assets to be managed by TCC amount to 13,000 office retail and residential units.
Prelios recently announced its intention to become a pure property management company.
