BentallGreenOak successfully closes on the sale of Torri Moretti, a 6,000 sqm office building in Rome’s Piazzale Flaminio
Rome, (August 5, 2021) — BentallGreenOak (BGO) announced the sale of 100% of the units of the GO Italia IV Fund, which owns Torri Moretti, a 6 storey, 6,000 sq meter office building located in Rome’s Piazzale Flaminio. The GO Italia IV Fund has been sold to Reale Immobili. Torri Moretti is a modern architectural landmark centrally located in the capital and is partially let to the leading Italian banking group, Banco BPM.
BentallGreenOak continues to grow its position in the Italian commercial real estate market with several other active funds and plans for more activity in the future.
Kervis Asset Management advised the seller, and GO Italia IV was managed by DeA capital SGR.
About BentallGreenOak
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $62 billion USD of assets under management (as of March 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates. As of 1Q21, BentallGreenOak changed its definition of Total AUM to include certain uncalled capital commitments for discretionary capital until they are legally expired and continue to exclude certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com
Media Contact:
Rahim Ladha
Global Head of Communications, BentallGreenOak
media@bentallgreenoak.com
