Roma
Invel will carry out the redevelopment into a 150-units build-to-sell (“BTS”) residential scheme with a total value of approximately €80 million. Redbrick appointed as local partner and development manager.
30 Oct 2024
Invel Real Estate, the private equity real estate firm focussed on Southern Europe, has secured a €34 million loan from Banco BPM. This financing will support the regeneration process of a vacant office asset, prominently located in a vibrant residential and business area of Rome, Italy. Invel will carry out the redevelopment into a 150-units build-to-sell (“BTS”) residential scheme with a total value of approximately €80 million.
Invel acquired the asset in March 2024 through a newly set up Italian vehicle managed by DeA Capital Real Estate SGR S.p.A., named “Juniper”, marking another transaction under its opportunistic real estate strategy and flagship fund series. This ESG-led urban regeneration project aims to achieve best-in-class green credentials.
Invel will partner with Redbrick and Savills, appointed as development manager and commercial consultant, to deliver a modern, premium residential product that offers the highest living standards
The residential scheme branded “DONO – Domus Nova”, will be marketed by Savills. DONO will feature 150 modern units and a range of amenities, including a concierge desk, co-working spaces, gym, and a communal rooftop with a solarium.
Residents will also enjoy a unique 2,000 sqm private outdoor park equipped with a children’s playground and dog areas. Redevelopment work has already commenced, and marketing activities for the sale of the flats are set to launch in Q4 2024.
