This trophy asset, located in piazza Augusto Imperatore, represents a unique investment opportunity. It stands in the heart of Rome and within walking distance from via del Corso, piazza del Popolo and the Spanish Steps. Built in the 1930s, the property functions as a prestigious architectural frame to the Mausoleum of Augustus.
The 14,000 m² (GLA) building is fully let to Agenzia del Demanio (State Property Agency) with a lease contract expiring in 2022, but has a long term possibility to create value in one of the key neighborhoods of Rome.
Carlo Vanini, Head of Capital Markets at Cushman & Wakefield Italy, said: "The piazza Augusto Imperatore building is a unique opportunity to acquire a historic income producing asset with an important future value-add angle. There is strong investor interest in the Roman market and opportunities of this type are rare, if not unique. For this reason, we believe that the property has the potential to attract a large number of investors, domestic and international. The transactions recently followed by Cushman & Wakefield in Rome indicate that values offered for trophy assets are constantly increasing".
Cushman & Wakefield’s Capital Markets Italian team will be managing the sale through a competitive process, with set dates for the submission of the letters of interest and the following offers. Thanks to the collaboration of the EMEA Capital Markets team, the sale will also have international visibility.