Ashurst advises on EUR200 million sale of Arte 25 complex in Rome
International law firm Ashurst has advised DeA Capital Real Estate SGR, as manager of Omega Fund, on the signing of the preliminary contract for the sale of Arte 25, the first office asset in the central business district of Rome, to a family of Allianz Group investors acting through the Italian branch of Allianz Real Estate.
The value of the transaction is approximately EUR200 million.
Arte 25 is a multi-tenant office complex comprised of three separate buildings and a common outdoor area, located in the Esposizione Universale Roma - the most important financial and commercial district of Rome. Originally built in the 1960s, the complex has recently been completely renovated and represents one of only two LEED Platinum certified assets in Rome. Arranged over 12 floors, the property offers around 31,000 square meters of gross leasable area, and is currently leased to leading companies.
The Ashurst team was led by partner Andrea Caputo, assisted by associates Alessandro Testa and Diego Mallone.