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| The company is incorporated in Italy as a real estate limited liability company with a shareholders’ equity of 10 thousand euro.: soon after its inception the company acquires a leveraged package of real estate assets rented to Telecom Italia S.p.A from “Tiglio Fund”. |
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| The company increases its average transaction value and its turnover through the acquisition of numerous valuable assets located in most important Italian cities. Major assets acquired by the company include: Rome, Via del Tritone (8000 sm), Forense, Via Tornabuoni 17 (6000 sm), Firenze, Piazza della Repubblica (7000 sm). The shareholders’ equity is increased to 15 million Euro.. |
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| e.d.e S.p.A., in partnership with primary RE operator Tishman Speyer, creates a closed end fund tagged as Fondo 2 “Fondo Portafoglio” where the company conveys most of its properties maintaining a 30% share. Total non consolidated equity of the company has reached 25 million Euro |
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