CBRE Investment Management acquires residential building in Rome’s Talenti District

CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has bought residential building in Rome’s Talenti district. The seller is a joint venture between Incus Capital and IGS S.p.A.

The asset will undergo significant refurbishment with work being undertaken by the seller’s construction company MED Scpa. When complete, it will consist of 225 rental residential units spread over seven floors, as well as 225 parking spaces. The asset will comprise two buildings, arranged in an L-shape and a central square with green areas. Apartments will be equipped with balconies, and a number of amenities will be provided for residents including a reception, coworking area, laundry room, gym and recreational space.

Aligning with CBRE IM’s sustainability ambitions, the redeveloped asset is targeting Italy’s highest energy class and LEED Gold certification for building design and construction.

The asset is located in the Talenti district, a popula