Italy's central bank has appointed Colliers International and Exit One as advisors for the sale of a real estate portfolio consisting of former bank branches and some residential units distributed throughout Italy. The assets, with a market value of some EUR 300 mln, offer roughly 240,000 m2 of space including prestigious buildings located in major Italian cities.

Colliers and Exit One secured the mandate after participating in a public tender launched by the Bank of Italy in May last year. The contract entails a three-year agreement during which Colliers International Italia and Exitone will promote the sale of the assets.

Colliers said the sale process, led by Ofer Arbib for Colliers International Italia and Ezio Bigotti for Exitone, will also see the participation of an international strategic committee including the head of investments of the Colliers International group in London, Paris, Madrid, Amsterdam and Frankfurt.