The Bank of Italy announced this week that it is selling off a big chunk of its real estate portfolio, including a large number of residential properties.
RTI (Consortium) Colliers International Italia – EXITone has won the agency contract to sell the assets which are valued at more than €300 million.
The portfolio, RTI (Consortium) Colliers International Italia – EXITone told OPP this week “consists of former bank branches and some residential units distributed throughout Italy, with a total surface area of ca. 240,000 SQM. Among the assets are some prestigious buildings located in major Italian cities.”
The public tender, which was published in May 2010, gives Colliers International Italia and EXITone three years to sell the properties. They have set up an international strategic committee with the heads of investment from Colliers offices in London, Paris, Madrid, Amsterdam and Frankfurt. This group has been given “the objective of defining the best sale strategies and guaranteeing the necessary visibility cross-borders,” says the consortium.
Colliers International is the third-largest commercial real estate services company in the world with 15,000 staff operating out of more than 480 offices in 61 countries
