Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
Aerial image of the office building Via Colombo 80, Rome Aerial image of the office building Via Colombo 80, Rome

Cushman & Wakefield advises Deka Immobilien on the acquisition of a prime office building in Rome, Via Colombo 80

Sven Ole Sommer • 18/11/2020

Cushman & Wakefield’s Italian Capital Markets Team has successfully advised Deka Immobilien GmbH in the sourcing and acquisition of Via Colombo 80, an outstanding office building located in a dynamic area of Rome’s Greater EUR submarket. The deal was sourced and completed on an off-market basis securing the deal at an early stage of the repositioning process.

The property, with a GLA of approximately 20.000 sq.m., has recently undergone an extensive refurbishment and today represents one of the highest quality offices in the city and one of the few buildings to hold a double green building certification: LEED and BREEAM. The refurbishment completely revolutionized the image and performance of the asset including a re-designed façade, a double-height entrance hall, a gym and state of the art office accommodation spread over 10 floors above ground.

Almost 90% of the GLA is leased to a mix of corporate tenants with exceptional covenant. Long-term leases were signed with PWC and Prelios, who both re-confirmed the location as their Roman headquarters after the refurbishment.
The outstanding quality of the building combined with the stable and long-term tenant commitments, make this transaction one of the most significant and sizable core investments to take place in Rome in 2020.

Carlo Vanini, Head of Capital Markets at Cushman & Wakefield Italy, said: “This deal continues to confirm how core assets in key markets are the focus of international investors. We are extremely proud to have reached the successful conclusion of this deal supporting Deka Immobilien in their first investment in Rome in a long time. The combination of asset quality and covenant of the tenant made this deal extremely attractive for a long-term core investors. It also shows that if the real estate fundamentals are in place, the market responds. ‘Quality drives the demand’ is the mantra behind this deal and supports our thesis for the future evolution of the real estate market in the Eternal City.”


Contact Media

Raffaella Pinto
Raffaella Pinto

Head of Business Development • Milano

RECENT NEWS

RECENT INSIGHT

couple with face masks on Milan street
Insights • Economy

Italy Real Estate Market View

A regular update on the commercial real estate market in Italy.
Raffaella Pinto • 23/09/2022
H1 2022
Insights

Italian Real Estate Overview H1 2022

The first half of the year has been quite an eventful period for the world, with some countries ending up in domestic political turmoil, such as UK and Italy. Indeed, in July Italy experienced the collapse of Prime Minister Mario Draghi's national unity government leading the President Mattarella to dissolve the chambers and call new elections for September 25th. Combined with that, the war in Ukraine, the geopolitical turmoil, the energy crises, rising inflation and tightening policy from central banks have all resulted in warns of recession for the global economy. For real estate it means that the low-rate environment is a memory of the past and investors and banks are preparing to face a not-negative interest rate scenario for the upcoming months.

But it will be a story for the next part of the year, while first half ended posting positive outcomes, both for the economy and the property sectors.
Raffaella Pinto • 01/08/2022

CAN’T FIND WHAT YOU’RE LOOKING FOR?

We’re on hand to help. Get in touch and we can help with any additional information you need.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS