Generali Investments, in partnership with Peakside Capital, has closed the Generali Adriatic Value Fund I (Generali AVF I) following the sale of the Arkadia shopping centre in Domžale. The fund has completed its investment cycle, including the distribution of proceeds to investors and the commencement of its formal closure.
Established in 2018 as Slovenia's first regulated alternative real estate investment fund, Generali AVF I delivered a final IRR of 9.85% and a multiple of invested capital of 1.8.. The fund's portfolio included four assets across Slovenia, and its success has reaffirmed Generali Investments' role in the region's real estate investment landscape.
Building on this result, Generali Investments has launched Generali Adriatic Value Fund II (Generali AVF II), which has received regulatory approval and entered its investment phase. The fund has started with its first acquisition - the Schellenburg office building, a property in the heart of Ljubljana - confirming its operational readiness and strategic direction.
Generali AVF II offers investors an opportunity to participate in a fund backed by proven expertise and regional insight. With a focus on income-generating and value-add assets across Slovenia and Croatia, Generali AVF II is positioned to capitalise on the growing South-East European market. "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," said Saso Smigic, member of the Management Board of Generali Investments.
