Prelios SGR sold real estate for office use in Rome EUR to Castello SGR

Prelios SGR has sold – through the Cristoforo Fund, whose shares are indirectly held by Goldman Sachs – a property in via Paolo di Dono, 44 in Rome, in the EUR district, leased by the International Fund for Agricultural Development (IFAD), a specialised agency of the United Nations.

The property has been sold to Castello SGR, through the Rome Core 1 Fund whose shares are indirectly held by the Investcorp “European Real Estate” business unit.

Patrick Del Bigio, Chief Executive Officer of Prelios SGR, commented: "We are immensely proud to have completed this deal that we consider a true statement to the value that an ESG approach, such as that adopted at Prelios SGR, is able to bring to successful management of real estate assets. The important work performed for the renovation and enhancement of this building, with the consequent achievement of the highest standards in terms of environmental sustainability, allows us to further consolidate our role alongside the needs of investors, moving in parallel and placing the highest attention on and respect for environmental issues regarding energy redevelopment of buildings".

The property features eight storeys above ground and two basements, consists of an entire, free-standing building for mono-tenant offices, consisting of three rectangular wings, covering a total gross area of about 46,000 square meters and a commercial area of about 23,000 square meters, with over 174 parking spaces.  Following renovation between 2005 and 2008, the building was awarded LEED Gold certification in 2010 and a subsequent upgrade to LEED Platinum in 2015, renewed in 2020. Last year, the LEED (Leadership in Energy and Environmental Design) certification was confirmed at the highest Platinum level for a further five years. Giampiero Schiavo, CEO of Castello SGR, remarked: "We are extremely happy to have closed the acquisition of this property located in one of the most dynamic areas of Rome. Our goal is to further enhance the building for the benefit of our fund's investors, also focusing on an approach based on environmental sustainability”.