Interest in Italy’s real estate market is continuing to attract foreign fund managers as expectations of a market recovery rise. Private equity and hedge fund groups are exploring ways to build exposure as investors push for new yield opportunities in today’s low-interest rate environment.

Last month, Quantum Strategic Partners, the private fund managed by Soros Fund Management, became the third largest investor in Italian shopping centre group Immobiliare Grande Distribuzione when it purchased a 5% stake for approximately €19.7 million.