The Chinese conquer Rome. And the Mint become a hotel – the Newspaper

Rome – The historic home of the Mint in the Parioli district, near Villa Borghese, will become an ultra-luxury hotel chain run by a Chinese. The owner of the complex, Residential Real Estate 2004 (75% owned by CDP Real Estate Group Deposits and 25% from Finprema Fratini Group) has signed a letter of intent with Rosewood Hotel, a subsidiary of New World China Land, the listed holding company the Stock Exchange of Hong Kong.Il enhancement project of the office of the Printing Office and Mint State includes the exploitation of 30 thousand square meters for the construction of a hotel of about 200 rooms, a convention center, restaurants, pool and spa, plus about 50 private residences operated by the same hotel. In further 28 thousand square meters available CDP Real Estate will realize private residences and offices. The selection of the partners was made in consultation with JLL. The transaction did not require a green light from any part of autorità.Alla contracting final and binding, expected within months, it will also be defined the financial structure of the transaction. The order of magnitude of the Agreement exceeds 150 million euro, minimum cost to deal with for the renovation of the complex. CDP Real Estate, led by a year and a half from Giovanni Maria Paviera (former General and Aedes), has a development strategy geared to maximum efficiency: The disposal is not, in fact, an obligation, but it takes away from the management of the properties. The situation, therefore, are two. CDP could bear the full cost and “rent” the hotel manager.

This type of strategy has been adopted recently in Bergamo where the Bank has restructured the Hospital by renting a part in the school of the Guard of Finance. Rosewood, owner of a format of hospitality at the highest level, may instead choose to sign a partnership, investing in the restructuring and ensuring to CDP a sharing in the profits dell’albergo.Al Beyond Activism Cassa Depositi e Prestiti, run in tandem Claudio Costamagna and Fabio Gallia, the operation shows that major building projects in our country do not speak Italian. Former Milan office of Unicredit Piazza Cordusio has become the property of the Chinese Fosun that they bought for 345 million. The Qatar Investment Authority, also in Milan, won the majority of the complex Porta Nuova liquidating other shareholders, including Unipol. The sovereign wealth fund of Abu Dhabi is interested in a property in Via del Corso in Rome to make it a top luxury hotel. And, moreover, even the Chinese Rosewood are already active in Italy in partnership with Ferragamo to the resort of Castiglione del Bosco. Similarly, the Bulgari family points to an international partnership to buy and renovate the old INPS headquarters in the center of Rome and make it a luxury hotel. Occupation movements for home and difficulties in the change of use have delayed piani.Un country less and less industrial also has less opportunity to become a big player in the field estate. The crisis and the availability of significant Asian investors have limited the range of Italian operators. So much so that even the Exor Agnelli has recently thrown in the towel (with a gain of 2 billion) yielding Cushman & amp; Wakefield to British Dtz. But if the industry also speaks Chinese (Pirelli is the last in order of time), it’s no wonder that even the brick face.