Germany's Deka Immobilien has acquired a trophy asset under long-term lease in the historic centre of Rome. 

Via Veneto

Via Veneto

The property was sold by the private investment house Ardian and will be added to the portfolio of the WestInvest InterSelect open-ended real estate fund.

The parties agreed not to disclose the purchase price.

'The fantastic location and quality of the property are unique selling points on the Roman market. It's the first building in Rome to receive triple certification,' said Victor Stoltenburg, managing director of Deka Immobilien.

The office building, Veneto 89, was built in 1928 in the neoclassical style and has recently been extensively renovated. It boasts around 23,000 m2 of leasable space, with 11 parking spaces for cars and 12 for motorcycles in its underground car park. The office space is leased under long-term leases to two tenants, of which Deloitte Italy is the main tenant.

The property is situated in the heart of the historic centre of Rome on Via Veneto, which features exclusive hotels and cafés, the US Embassy, various institutions and the head offices of major companies.

Veneto 89 is the first building in Rome to be awarded three certifications. It has achieved the Leadership in Energy and Environmental Design (LEED) Gold standard, a "Very Good" rating by BREEAM, the British certification for sustainable construction, and the WELL Silver standard, which places strong emphasis on the health and comfort of a building's users.

Deka said that the transaction was enabling its fund management team to take advantage of a rare opportunity to diversify the portfolio in Italy with a high-value property in an excellent location.