Aedes has purchased two prestigious mixed-use buildings in the center of Rome, on Via XX Settembre and Via Vittorio Veneto, from the Spinoffer Real Estate Srl Group. The total value of the acquisition is €125 million.
Just a stone's throw away from the world-famous Spanish Steps and the Villa Borghese park, the property at No. 96, Via Vittorio Veneto, is a period building dating back to the 18th century, consisting of eight floors above ground and a basement, for mixed retail and office use. The ground floor of the building is occupied by the celebrated "Cafè de Paris", the historic Roman bar where Federico Fellini filmed "La dolce vita".
The 18th century building at No. 5, Via XX Settembre, is in a central area, just a few minutes from the Quirinale. It consists of seven floors above ground and a basement, mainly used for offices.
The acquisition is in line with the Aedes Group's strategy of investing in prestigious mixed-use buildings in the centre of Italy's main cities, for the purpose of converting them back into residential properties connected to housing activity.