Home Ā» Coima creates the group holding and aims for 10 billion in managed assets

Coima creates the group holding and aims for 10 billion in managed assets

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Officially there is no desire to open up to new shareholders but the will to give organicity to the group especially towards foreign investors. Coima – the Milanese real estate investment, management and development company – announces the birth of a holding company by all the historical shareholders and becomes the Coima Group, bringing together all the activities of the group, including the asset management company, which manages 27 investment funds. investment, Coima Rem, Coima Ht, Coima Image and Porta Nuova Residences. It remains outside the Coima Res holding, which will continue to be listed on the Italian Stock Exchange.

The holding company and the numbers

Coima Holding is wholly owned by Coima Founders, which sees as shareholders the Catella family (78.8%), Micheli e Associati (7.2%), Domomedia (a company belonging to the Lumina family, shareholder, Gabriele Bonfiglioni (4.5 %) and Matteo RavĆ  (4.5%), announced late in the morning in Milan by the CEO of Coima, Manfredi Catella, during the ā€œRegeneration Italyā€ event, organized by Coima itself.

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The planned investments are up to a further 5 billion euros over the next five years with the launch of new funds for the development of neighborhoods, residential buildings and offices.

Ā«The average turnover of the five-year period – explained Catella himself – was over 50 million euros, it grew by over 200% compared to 2015, with an average Ebitda of the five-year period substantially tripled to over 18 million. In 2020 the Group consolidated shareholders’ equity of over 45 million, without any debt. While Coima sgr recorded a capital surplus with respect to the regulatory capital requirements equal to 3.7 times and an overall stabilized capital under management of over 8 billion euro, doubled compared to 2015, with the aim of reaching 10 billions in the next three years “.
Ā«In the last five years – said Catella – Coima has raised about 1.8 billion from institutional investors, for the most part direct and discretionary, 66% of which are international. The forecast for the coming years is to raise an additional 2 billion on the market.

Reforms and regeneration

Speaking of urban regeneration, the pandemic has caused a strong crisis, but “it also brings opportunities, also thanks to the Next Generation Eu, which brings with it a very important reform and regeneration program, which will need capital, including private ones, to expand the impact Ā»added Catella. In terms of real estate assets, the gap between Italy and other European countries is quite significant (for example in our country the buildings built before the 1960s are about 40%, in Europe 33%, and those at seismic risk in Italy). Italy are 70% compared to 30% in Europe) and bridging it would be an important driving force.

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