It was held on January 19th, in occasion of Re Italy – Winter Forum 2017, the most prestigious Italian event dedicated to the real estate sector at Palazzo Mezzanotte in Milan, the conference “The asset management presents itself. Possible synergies with Real Estate?” at the presence of the responsible of the office of Vigilance SGR and OICR of CONSOB and authoritative players of managed saving, which Amundi, P&Co Capital, Degroof Petercam, BNY Mellon IM and StateStreet. FIABCI, IsIVI and Law Firm Raynaud were among the sponsors of the event; present Kirkor Ajderhanyan and Ramon Torroba Riera, Presidents the world one the other European FIABCI.
Antonio Campagnoli, President FIABCI Italia, moderator of the event, commented: “The conference was an interesting moment of confrontation and dialog on the relationship between managed saving and real estate, relationship with clear prospects for growth and consolidation. The single European market of the so-called alternatives, including real estate funds – continues Campagnoli -, has currently new scenarios, characterized by the presence of neo managers and above all new capital, which bodes an important change toward a further increase in investment quotas at a global level in financial products with the underlying property.
Between the points of the debate, the preference of some carriers for the investment in products UCITS, then REIT quoted, the usefulness of introducing funds open also in Italy and the potential of SICAFS. In support of the reviews were shown the results of some market research in this regard. There are today 412 funds real estate (of which approximately 5 % quoted), with total assets of 60.4 billion € who constitute 15% of managed assets in Italy, and there is an offer essentially of funds of a contractual nature contribution and a question in prevalence of private investors and products tailor-made.
The market – concludes Campagnoli -, is increasingly competitive and requires even more efficient and diversified real estate properties , while competitive factors become correctness in behavior and transparency in products. Evolutionary trends are the relevant number of EU funds marketed in Italy and the activity of European GEFIA active in the management of FIA Immobiliari Italiani. The harmonisation (for effect of the AIFMD) of market forces to ever greater competition. This entails an evolution of the sector”.
