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New Deal


Announced

Completed

Deka Immobilien completed the acquisition of the Via Vittorio Veneto 89 office building from Ardian and Prelios.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Friendly

office building

Private

Majority

Real Estate

Italy

Completed

Single Bidder

Acquisition

Private Equity

Cross Border

Synopsis

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Deka Immobilien, a real estate investment company, completed the acquisition of the Via Vittorio Veneto 89 office building from Ardian, a private investment house, and Prelios, a real estate and asset management company. Financial terms were not disclosed. “We truly are proud of this transaction, which comes at a time of transition in the market, and which demonstrates the great asset management skills of our team. Through this extraordinary project, Ardian’s real estate team has been able to transform a historic property, to create a unique asset in Rome in terms of both sustainability and innovation. The acquisition of this beautiful building by an institutional investor such as Deka is an excellent sign for the market, confirming that high quality buildings in central locations and with the highest ESG characteristics continue to attract liquidity," Matteo Minardi, Ardian Head of Real Estate Italy.

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