Prelios SGR and UBS Global Asset Management stipulated an agreement for the development and dissemination of a real estate fund reserved for Italian qualified institutional investors, which will invest in units of foreign real estate funds.
The ‘Fund of Funds’ will be established and placed by Prelios SGR and will be managed by the same company, with the support of UBS Global Asset Management as Investment Advisor for investment definition and management.
The two Companies ideally complement each other: while UBS Global Asset Management relies on a robust global real estate platform with significant access to international markets, Prelios SGR is one of Italy’s main real estate asset managers with a sound base of Italian institutional investors.
In particular, the agreement is strategic for Prelios SGR, which will be in a position to provide an opportunity to institutional investors to invest indirectly also abroad and to plan their real estate asset allocation, relying on UBS’s specialist expertise and experience.
The decision to focus on an indirect strategy is based on the advantages that this type of solution offers with respect to the strategic objectives considered reachable by target customers in terms of risk/performance, size and investment flexibility.