• The Enel Group will endow the Fund with approximately 3,000small, non-core real estate assets valued at about 190 million euros.
• The endowment will consist of residential and converted industrial properties, agricultural land and de-commissioned stations throughout more than 1,700 Italian municipalities.
• These assets represent the remainder of Enel’s real estate holdings in Italy following major disposals in recent years as well as direct sales.
• Economic and operating benefits are expected.