Deka Immobilien acquires prime office building in Italy

Deka Immobilien has acquired a trophy asset under long-term lease in the historic centre of Rome. The property was sold by the private investment house Ardian.

It will be added to the portfolio of the WestInvest InterSelect open-ended real estate fund. The parties have 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”, says Victor Stoltenburg, Managing Director of Deka Immobilien.

This striking office building, “Veneto 89”, was built in 1928 in the neoclassical style and has recently been extensively renovated. It boasts around 23,000 sqm 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 has made a name for itself with exclusive hotels, luxurious cafés, the US Embassy, various institutions and the head offices of major companies.

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