Transactions - FEBRUARY 25, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

NYC investor buys Italian office portfolio

by Andrea Waitrovich

New York City–based York Capital Management and two Italy-based investor partners, IDeA FIMIT and Star Hotel, have purchased a six-property portfolio of Italian assets for approximately €738 million ($814 million). The seller is Gruppo Scarpellini.

The portfolio totals 959,740 square feet, and all of the office properties are located in Rome. The highest-priced office building is the Complesso Marini with a $462 million price tag. The other office buildings include 21 Via Delle Vergini, E&Y, Palazzo Bologna, Via Poli and Palazzo del Tar.

There has been a positive investment trend in the Italian office market, according to Cushman & Wakefield’s “Italy: Office Market Snapshot Fourth Quarter 2015.” The positive market trend, started in 2013, carried through to 2015, with total investment volume increasing furth

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy