With a total GLA of 13,000 sq.m. and formerly home to the Académie Française in Rome and Banco di Sicilia, the building underwent an extensive refurbishment programme of both the internal and external areas to return to its historical magnificence, bringing the asset to the highest quality and sustainability standards. The asset represents one of Rome’s most notable pieces of real estate and has been chosen by one of Italy’s most valuable brands to host its new creative hub.
Further to a very competitive sales process, characterized by a high level of interest from institutional investors, Unipolsai Investimenti SGR S.p.A. successfully pulled through and completed the acquisition of this prestigious property. This represents a landmark acquisition for the city of Rome, setting a new prime net yield of the city.
Carlo Vanini, Head of Capital Markets Italy, comments as follows: “the refurbishment made by landlord and tenant is an example how it is possible to bring an historical asset to the modern standards creating a unique combination able to attract national and international capital. We are very proud to have closed one of the most important deal in Rome market in 2022 reaching, one again the prime yield of the city”