Praemia REIM Italy and Wemo REIM launch €100m fund

Praemia REIM Italy and Wemo REIM have partnered to launch a new closed-end real estate fund targeting investments in the retail, hospitality, and logistics sectors. 

Retail - Praemia REIM

The Wemo One Italia fund, managed by Praemia REIM Italy and owned by Wemo One SCPI (managed by Wemo REIM), plans to invest a total of €100 mln by the end of 2026.
Wemo REIM chose this fund structure as the optimal way to execute its Italian real estate investment strategy, while Praemia REIM Italy provides its expertise in deal sourcing, due diligence, transaction execution, and asset management.
The Wemo One Italia fund aims to build a diversified portfolio of high-quality assets with strong tenants to ensure stable, long-term cash flows. It has already made its first move, acquiring seven commercial properties in Lombardy and Emilia-Romagna for approximately €30 mln. An additional €15 mln in potential investments has also been identified to further expand the fund's portfolio.
Luca Turco, CEO of Praemia REIM Italy, commented: "The Wemo One Italia Fund's investment approach is part of a favourable market environment, which currently offers valuable opportunities to those able to select quality assets in strategic locations characterised by strong commercial and tourist appeal. We invest in high-quality properties, entrusted to solid and proven operators, laying the foundation for sustainable and profitable growth. We are particularly proud to have contributed to the structuring of a product dedicated to Wemo REIM, with the ambition of accelerating its development and doubling the investment volume in the short term."
For the establishment of the Wemo One Italia fund, Praemia REIM Italy was advised by Studio Galante, Revalo, and Studio Pontecorvo & Spizzichino.
Praemia REIM Italy was assisted by Studio Galante for the legal aspects of the Fund's establishment, by Revalo for the technical due diligence activities, and by Studio Pontecorvo & Spizzichino for the legal and tax analysis.