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Palazzo dei Mercatanti (or Calimata), one of the most famous buildings in Piazza della Signoria in Florence, has been sold by REALE IMMOBILI, due to a wider plan of valorization of its Properties (main assets in Milan, Turin and Rome).
Reale Immobili selected the Duff & Phelps Real Estate Advisory Group (REAG) as an advisor to start a competitive tendering process, aimed at transferring one of the most famous buildings located in the well know Piazza della Signoria in Florence.
The building, Palazzo dei Mercatanti (or Calimata), was owned by one of the richest and most powerful corporations of the XIV century in Florence.
The property is a unique investment opportunity, with a prominent and well know location, good visibility and a total covered surface area of approx. 2,000 sqm. It is fully rented to prime tenants, including both retail and professional.
Reale Immobili decided to sell this unique real estate asset due to a wider plan of valorization of its properties, whose main assets are located in Milan, Turin and Rome.
Duff & Phelps Real Estate Advisory Group's role
The Duff & Phelps Real Estate Advisory Group supported Reale Immobili – the Real Estate company belonging to The Insurance Group Reale Mutua- throughout the tendering process by:
The closing took place on November 2016 and the buyer was a wealthy Italian family.
About Reale Mutua Group
The Reale Mutua Group is a leading Italian insurance group active not only in the field of insurance but also in the banking and financial services and real estate sectors. The Parent Company, founded in 1828, is the largest Italian Mutual Insurance Company.
Building on its experience as institutional investor in the real estate sector, the Group has gradually acquired real estate assets comprising mainly entire buildings located in central, high prestige areas principally in the cities of Turin, Milan and Rome.
Leading provider of real estate valuation and consulting for investments and transactions.
Market leader in real estate valuation for financial and tax reporting among other purposes.
Comprehensive support throughout mergers and acquisitions and other corporate transactions.