THE RETAIL & ENTERTAINMENT FUND SELLS AN IMPORTANT ROMAN BUILDING

Jul 31 2012

Milan, 26 July 2012Prelios SGR announces that the Retail & Entertainment fund, managed by them, has today sold an important historical building located in the centre of Rome, between Via del Tritone and Via Due Macelli.

The building will undergo renovation, scheduled for completion in mid-2015, and includes a commercial area of around 17,500 sq m on seven floors (six floors for shopping and one floor for restaurants). It is set to become the main Roman department store of the La Rinascente retail chain.

As the building is subject to Fine Arts restrictions, completion of the transaction depends on the Ministry of Cultural Heritage's decision not to exercise its pre-emption right as laid down by law.