On May 22, 2012 we purchased a property in Locarno, the operation was planned during the capital increase phase. The building was build in the '70s and consists in 49 apartments and 31 parking and it is located in the residential area of Locarno a few minutes walk from the Old Town and the Piazza Grande. The building needs some maintenance work but is in good state of maintenance and offers a good return (6.6%). More news on the projects of the fund will follow shortly.