(Finance) – The Board of Directors of DeA Capital Real Estate SGR approved the management reports as of 31 December 2023 of the closed-end real estate Alternative Investment Funds (AIF), Alpha and Atlantic 1.
The net asset value (NAV) of the Alpha Fund went from 116,725,221 euros at 31 December 2022 to 113,619,434 euros at 31 December 2023. The unit value of the share went from 1,123.709 euros at 31 December 2022 to 1,093.809 euros at 31 December 2023, recording a decrease of 2.66%. The Internal Rate of Return, calculated on the basis of the initial value of the Fund, the outgoing cash flows and the NAV as of 31 December 2023, is equal to 4.29%.
The net asset value (NAV) of the Atlantic 1 Fund went from 177,972,338 euros at 31 December 2022 to 123,107,579 euros at 31 December 2023. The unit value of the share went from 341.257 euros at 31 December 2022 to 236.055 euros at 31 December 2023, recording a decrease of 30, 83%. The Internal Rate of Return, calculated on the basis of the initial value of the Fund, the outgoing cash flows and the NAV as of 31 December 2023, is 3.65%.