Cushman & Wakefield’s Italian Capital Markets team advised Corum AM in the successful acquisition of Via Boccabelli 21, a refurbished and fully leased office building located in a strategic position in the southern part of Rome’s Greater EUR submarket.
The location benefits from various private and public initiatives such as the recently opened Maximo Shopping Mall and the “mobility corridor Laurentina” which significantly improves the accessibility of the area. The deal was sourced and completed on an off-market basis.
The property is fully leased to a major telecommunication company under a recently renewed lease contract confirming the tenant’s commitment to this strategic office and technological hub. A modernized façade will additionally increase the appeal of the building.
The building develops over seven floors above ground and two basements accounting for a building area of approximately 8.000 sq.m. with an exceptional ratio of parking spaces.
Carlo Vanini, Head of Capital Markets Italy at Cushman & Wakefield, said: “This significant transaction proves that Rome also offers attractive risk-adjusted investment opportunities outside the city’s core locations with prime tenants committing to their presence in Rome. The Laurentina submarket has seen some significant infrastructure improvements in recent times and is now an appealing and sought-after location within Rome’s office market. We are particularly proud to have sourced and completed this transaction for our client Corum AM in a very short and efficient acquisition process.”
Philippe Cervesi, Head of Investment at Corum AM, commented: “Corum continues to see good investment opportunities across Europe, allowing us to further the international expansion of our funds. The acquisition of this asset in the actual context reflects Corum’s strategy, occupied by a very strong tenant, in an industry (communication) that showed how essential it was during the crisis.”