Characteristics
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Atlantic 1 Fund Characteristics
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|---|---|
| name and type of FUND | ATLANTIC 1 closed-end real estate investment fund, with private contribution and distribution of revenues, for both private and institutional investors |
| management company | First Atlantic Real Estate Società di Gestione del Risparmio S.p.A. |
| contributor | Alicentro 2, ASIO, Telemaco Immobiliare |
| FUND duration |
until 31.12.2013, with possibility of extension until 31.12.2016 |
| type of contributed property (*) | 7 properties for office use 1 property for use as a cafeteria 38 properties for commercial use |
| total surface available for rental | 343,779 sq. m. |
| market value | Euro 720,110,000 (figure at 31.01.2006) |
| value of contribution | Euro 636,000,000 |
| revenues distributed (six-monthly) | at least 90% of revenues deriving from the management |
| net value of FUND assets (**) | Euro 260,760,000 |
| number of shares issued during the contribution | 521,520 |
| number of shares reserved for the public offer | minimum 417,216 (80% of total offer) |
| nominal unit value and offer price | Euro 500 |
| minimum packet (60% of the public offer) | 6 shares |
| large packet (40% of the public offer) | 10 minimum packets |
| offer duration | from 8 May to 31 May 2006 (24 May for off-premises and on-line membership) |
| market listing | Telematic Funds Market (MTF)– Italian Stock Exchange |
| Global offer coordinator, person responsible for placement, sponsor and Italian Stock Market specialist | Banca IMI S.p.A. |
(*) For 3 properties, the leasehold and not ownership was contributed to the fund
(**) This indicates the value of the contribution net of liabilities, including any debts contracted
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