Italian lender Unicredit is said to have received over 20 binding offers for a EUR 300 mln portfolio of seven office properties which was put on the market through C&W in September last year, well-informed market souces told PropertyEU.
Italian lender Unicredit is said to have received over 20 binding offers for a EUR 300 mln portfolio of seven office properties which was put on the market through C&W in September last year, well-informed market souces told PropertyEU.
Bidders include a wide range of local and international investors, developers and end-users including Italian REIT Beni Stabili and London-based investor Patron Capital, according to market rumours. The assets, which are all located in the Italian capital, have received bids both as separate properties and as a portfolio and offer 40,000 m2 of total office space. A decision is expected to be made by the end of March.
The assets are located at central locations such as via del Corso, via Cesi, via Nazionale and the Parioli district and include flagship buildings such as Palazzo Singer, Palazzo Verospi, Palazzo Mancini, and Palazzo Odescalchi. The portfolio, which is mostly vacant, has been owned by Unicredit since the takeover in 2007 of smaller rival Capitalia.
