Corum Origin Buys Rome Office Property from Savills IM

Corum Origin Scpi has finalized the acquisition of a substantial office property in Rome, a move that highlights the enduring appeal of Italy's capital for international institutional investors. The transaction, which saw Savills Investment Management sgr divest the asset on behalf of the Anagram Fund (backed by Bain Capital), represents a significant capital deployment into Rome's non-central business district office market.

The acquired property, located at Via Alessandro Severo 246, currently serves as the temporary headquarters for RAI, Italy's state broadcaster, while its primary facilities undergo modernization. This prime office building spans approximately 15,000 square meters and boasts LEED Gold certification for its sustainable design and construction, underscoring a commitment to environmentally conscious real estate.

This deal marks the largest office building transaction outside of Rome's traditional central business district in recent memory. It underscores a growing trend where investors are actively seeking opportunities in well-appointed, income-generating assets situated in strategically important, yet non-core, urban locations. The fully leased nature of the building, secured by long-term tenant agreements, provides a predictable and stable revenue stream, a key attraction for a diversified pan-European fund like Corum Origin.

Corum Origin Scpi, a prominent player in the European real estate investment arena since its inception in 2012, is managed by Corum Asset Management and forms part of the wider Corum Butler Group. Their strategic acquisition of this Roman asset signals confidence in the city's property fundamentals and its capacity to support large-scale, institutional-grade transactions. This investment aligns with Corum Origin's established strategy of acquiring diversified, income-producing properties across the Eurozone.

The Italian office market, particularly in major hubs like Rome, has seen increased investor interest, driven by a need for modern, sustainable workspaces. While central business districts often dominate headlines, secondary and peripheral locations offering quality assets and robust tenant demand are increasingly capturing institutional attention. The Roman office sector, in particular, is experiencing a resurgence, with vacancy rates showing signs of tightening for prime stock.

The successful execution of this significant divestiture was facilitated by the advisory expertise of Cushman & Wakefield and JLL, who represented the seller. Their involvement underscores the complexity and scale of capital markets transactions in the current environment, where specialized knowledge is crucial for navigating high-value deals.

This acquisition by Corum Origin not only reinforces the attractiveness of Rome as an investment destination but also highlights the ongoing global shift towards sustainable and well-managed real estate portfolios. The transaction is a testament to the resilience and potential of European office markets, even beyond their most established cores.