Italian asset manager Deal Capital Real Estate said on Friday that it has agreed to postpone the €41 mln closing of a major office building in Rome.
The buyer, which was not disclosed but is understood to be French group Ardian Real Estate, signed a preliminary agreement on the asset in early 2020 and was due to complete on the deal by end-June.
‘It is necessary to postpone the date of the definitive contract to allow the buyer to complete all the preliminary activities necessary for the acquisition, which have remained pending due to the extraordinary health emergency situation,’ Dea Capital said in a statement.
The property, located at Via Cristoforo Colombo 142, is owned by Dea Capital’s Fondo Atlantic 1. Built in the 1960s, the building provides 31,000 m2 of net leasable space over 11 storeys.
It is the latest acquisition by Ardian in Italy. Earlier this year PropertyEU revealed that Ardian is buying a portfolio of 28 properties across Italy from local lender MPS. The package includes largely offices in Milan, Rome, Florence and Padoa and is believed to be worth some €350 mln.
Ardian emerged ahead of rival bidder Blackstone in the running to acquire the 90,000-m2 package which was put on the market last July through adviser Duff & Phelps Reag.
It comprises five trophy assets such as a historic property at Rome's via del Corso, two offices in Florence's city centre, and MPS' historic head office in Milan's via Santa Margherita 11.
Closing of the deal is expected for the second half of 2020.
