CDP to act as anchor investor for the relaunch of the Tourism sector

CDP to act as anchor investor for the relaunch of the Tourism sector

In its capacity as anchor investor, CDP is set to provide €100 million in capital to the Fondo Investimenti per il Turismo (FIT), managed in turn by CDPI SGR

The Fund will be used to invest in specialised real-estate funds in the various asset classes of Italian tourist infrastructure.

Under CDP plans, the FIT has a funding target of about €1 billion (equity and debt) to support the tourism sector in two ways:

  • by separating real-estate ownership from hotel management
  • by attracting private investment in projects to redevelop the country’s real-estate assets.