Generali Investments launches new Adriatic Value Fund II

Generali Investments, in collaboration with Peakside Capital, has successfully concluded its Generali Adriatic Value Fund I (Generali AVF I) with the sale of the Arkadia shopping centre in Domžale. 

Generali Investments

This marks the full completion of the fund's investment cycle, including distributing proceeds to investors and initiating its formal closure.
Launched in 2018 as Slovenia's first regulated alternative real estate investment fund, Generali AVF I, which held four prime assets in Slovenia, outperformed expectations due to strategic asset selection and active management. It achieved a final internal rate of return (IRR) of 9.85% and a multiple of invested capital of 1.8, demonstrating strong performance and value creation for investors and reinforcing Generali Investments' leading role in the region's real estate investment sector.
Following this success, Generali Investments has now launched Generali Adriatic Value Fund II (Generali AVF II). This new fund has already received regulatory approval and begun its investment phase, making its first acquisition: the Schellenburg office building in Ljubljana. This confirms the fund's operational readiness and strategic direction.
Generali AVF II focuses on income-generating and value-add properties in Slovenia and Croatia.
Sašo Šmigić, member of the Management Board of Generali Investments, said: “We are proud to continue our journey with Generali AVF II, leveraging the experience and results of Generali AVF I to deliver long-term value to our investors.”