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Via Boccabelli 21 Via Boccabelli 21

Cushman & Wakefield advises Corum AM in the acquisition of an office building in Rome, Via Boccabelli 21

Sven Ole Sommer • 16/12/2020

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.”

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Raffaella Pinto
Raffaella Pinto

Head of Business Development • Milano


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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.
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