PropertyEU
Generali completes largest Rome CBD letting of 2010
Date: 6 January 2011
Category: Leasing deal
International real estate advisor Savills, has said it represented Generali, in the most significant 2010 letting in Rome's central business district (CBD).

A new lease on 16,000 m2 of office space at Corso D'Italia 33, Rome, has been agreed with a public body. The building, which is located close to the Villa Borghese gardens, is currently under refurbishment and the new tenants are expected to move in from February 2011.

Lionello Rosina, managing director of Savills Italy, commented: 'This deal represents one of the most significant in Rome's CBD this year and demonstrates the continued demand for good quality offices in prime locations.'

As reported earlier by PropertyEU, the Italian real estate arm of insurance group Generali purchased an office building leased to the Ministry of Health from Bodio Center, a subsidiary of Aberdeen Immobilien. The transaction price amounts to around EUR 120 mln, making it the largest single-asset office investment deal of 2010.

 
Credit Suisse sells EUR 2.1b loan portfolio to Apollo at 60% discount
EBP sells two shopping centres in Romania for EUR 5
Union Investment acquires De Monarch in The Hague
Henderson Global Investors boosts Birmingham Fort stake
Hansteen PUT buys Birmingham business park
Generali completes largest Rome CBD letting of 2010
Significant variation in fund charges: INREV
Report highlights sustainability challenges for funds
Colonia Real Estate awarded AM contract