Henderson, Investire form Italian JV

Two fund managers combine to pool distribution resources targeting Italian investors for international funds, and international investors for Italian funds.

Henderson Global Investors and Investire Immobiliare are joining forces in Italy in an effort to double down on Italian investors looking for international exposure, and equally on international investors looking to gain exposure to Italian real estate.

Henderson has operated a dedicated Italian platform since 2006 with access to international investors, while the Italian firm Investire, owned by Banca Finnat Euroamerica Group, clearly has relationships with Italian investors.

The first product off the new Henderson, Investire production line is expected to be a core-plus pan European fund that they hope will roll out before the summer. James Darkins, managing director, property, for Henderson Global Investors, said its new partner had an extensive pipeline of investment products in Italy. He added he was confident of a successful and lasting relationship. “It is also consistent with our proven strategy of co-investing alongside and utilising partners who can strengthen our position within a particular sector or geographical market. One example is our current joint venture in Germany – Warburg Henderson, which continues to grow significantly,” he said.

Investire Immobiliare president, Arturo Nattino, added now the company could increase its product range, giving new international opportunities to its Italian investors, and also new contacts to enlarge its own clients base.

Of the two, Henderson is the larger party with €16 billion of real estate under management in Europe, Asia and the US and offices in Beijing, Chicago, Frankfurt, Hartford, Hong Kong, London, Luxembourg, Madrid, Milan, Paris, Singapore and  Vienna. It also has additional asset management capabilities through a joint venture in Hamburg. Its smaller partner, Investire immobiliare, has €4 billion under management. Its parent company bank is listed on the Italian stock exchange. Origins and history of the bank are linked to the Nattino family and date back to 1898.