Dils is advisor in the sale of an office asset in Rome by the Cristoforo Fund - managed by Prelios SGR- to Castello SGR on behalf of the Rome Core I Fund, fully subscribed to by Investcorp, world leader in the supply and management of alternative investment products. Investcorp, assisted by its operating partner Zanklon Capital closed its first deal in the capital city, demonstrating the attractiveness of the Rome market to foreign investors. Investcorp has entered the Italian market last year with the acquisition of an office property in Via Mecenate 91 in Milan acquired via another fund managed by Castello SGR.
The offices, located in the 'Greater EUR' district in Via Paolo di Dono 44, occupy an area of 29,000 sqm and house the global headquarters of a leading financial institution.
Interest in the deal is fuelled by a number of elements: the strategic location, with the EUR being one of Rome's most important office districts hosting headquarters of the most prestigious national and international companies; the liveable nature of the area with its large green spaces; and the property's intrinsic quality which, thanks to a careful refurbishment based on the most contemporary sustainability criteria, make it one of the few buildings in Rome to have obtained the prestigious LEED Platinum certification.
Attention to the environment is also demonstrated by adherence to the Apincittà Project which, through the installation of a network of strategically placed beehives and the collection of data of high scientific value, aims to safeguard the city's biodiversity.
The deal confirms the interest of institutional investors in the Rome market and specifically in high quality, core product, which is strategically located and let to prime tenants.
This transaction consolidates Dils's strong track record in the Rome and EUR real estate markets, having managed investment transactions in excess of € 500 mn and over 60,000 sqm of lettings there in the last 18 months.
Investcorp was assisted in legal aspects by Greenberg Traurig, and by Three Stars Capital Partners as debt advisor.