Italian lender sells Rome office asset for EUR 130m

By A staff reporter 2011-10-17T00:00:00+01:00

Italian lender Monte dei Paschi di Siena has sold an office building located opposite Rome's Coliseum to a closed-end fund managed by Mittel Real Estate. The transaction price amounts to EUR 130 mln.

Italian lender Monte dei Paschi di Siena has sold an office building located opposite Rome's Coliseum to a closed-end fund managed by Mittel Real Estate. The transaction price amounts to EUR 130 mln.

The building - which formerly housed Italy's central tax collection agency - offers 36,000 m² total space. The deal generates a gross capital gain of EUR 34 mln, the bank said.