Private equity firm AnaCap Financial Partners has purchased an office building and a residential building in Rome.
Neither the value of the purchases nor the size of the assets has been disclosed. PropertyEU has contacted AnaCap for details.
The residential development is located in an area of Rome where there has been no new construction in the past decade and buildable plots of land are rare, a company spokesperson said.
The office site is at the summit of Monte Mario Hill, an area offering panoramic views of the city, where high quality office space is hard to find.
Italian real estate company Green Stone acted as a partner in the transaction. The acquisition was made by AnaCap Credit Opportunities Fund III.
Commenting on the deal, Jacqueline Li, investment director at AnaCap financial partners LLP, said: ‘The opportunity to partner with Green Stone in these prime developments in central parts of Rome exemplifies AnaCap’s ability to extend our long track record in Italy in primarily distressed non-performing loan portfolios, much of which is secured by real estate, to attractive transactions like these where funding remains constrained.’
Active in Italy since 2012, AnaCap has made 18 investments worth €13 bn across asset classes.