FNAS | Fondo Nazionale dell’Abitare Sociale
Through the FNAS, we aim to complement the activities of the FIA Fund, which is mainly dedicated to social housing, by replicating the beneficial model of cooperation between public and private actors, focusing on all 3 S’s of social housing infrastructure: Social, Student and Senior housing.
Our numbers
Resources subscribed
New student beds
€1 billion total estimated investment (also co-investment)
Type: FNAS is a closed-end real estate investment trust reserved for qualified investors. It is a 'fund of funds' dedicated to real estate investments throughout the country to support housing and community services in the following sectors: (i) 'sustainable living' initiatives aimed at ensuring continuity of housing, including temporary housing, throughout the lifecycle of individuals; (ii) urban regeneration and redevelopment; (iii) spaces to support research, technology transfer, innovation, education and cultural dissemination in support of the development and welfare of the quality of life and social cohesion.
Amount and Investors: the investment target is €1 billion, including through EU investors. CDP Spa has already invested €500 million.
Duration: 35 years (from the date of commencement of operations on 21 February 2017), expiring on 31 December following the thirty-fifth year. A possible extension of five years is envisaged.
Governance of the Fund: Unitholders’ Meeting, the representative body of the fund's unitholders; Advisory Committee, a body set up by the Board of Directors of CDP Real Asset SGR to give its opinion on certain matters specified in the regulations.
Custodian Bank: BNP Paribas Securities Services