Ordinary reserved real estate funds are those targeting solely institutional investors: given the greater knowledge and experience of this type of investor, the legislation sets fewer restrictions on this type of fund, while retaining others such as the limits on debt.
Pirelli RE SGR now manages 5 ordinary reserved funds:
Pirelli RE SGR now manages 5 ordinary reserved funds:
- "Pirelli RE Office Fund – Cloe - Fondo Comune di Investimento Immobiliare di Tipo Chiuso": set up through the contribution of office property, reserved for institutional investors, placed in June 2004.
- "Armilla - Fondo Comune di Investimento Immobiliare di Tipo Chiuso": reserved for institutional investors, placed in October 2006, set up through the contribution of property mostly used as offices.
- "Fondo Immobiliare Pubblico Regione Siciliana – Fondo Comune di Investimento Immobiliare di Tipo Chiuso": set up through the contribution of offices and properties owned by the Region of Sicily, reserved for institutional investors in Italy and abroad.
- "Spazio Industriale – Fondo Comune di Investimento Immobiliare di Tipo Chiuso", set up through the contribution of industrial property, reserved for institutional investors, placed in December 2005.
- "Clarice – Light Industrial - Fondo Comune di Investimento Immobiliare di Tipo Chiuso", set up through the contribution of industrial property, reserved for institutional investors, placed in December 2004.