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.