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AEW acquires €22 mln prime high street asset in Rome

Posted: 10 October 2018

AEW announces the acquisition of a prime high street asset located on a key shopping street in central Rome on behalf of the Europe City Retail Fund.

The €22 mln investment marks the Fund’s second acquisition in Rome and its fourth in the Italian market, where the value of the Fund’s assets now exceeds €100mn.

The asset, which is on the prestigious Via del Corso, has been acquired from a private seller.

Having previously been occupied by H&M, the unit, which comprises 875 sqm of retail space over five floors, is currently vacant providing significant asset management potential.