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Banca Mps ready to put on the market real estate assets for 600 million

30 January, Monitor Immobiliare

Banca Mps is to put on the market real estate assets amounting to approximately 600 million euro in total by the end of February. The news confirms the rumours indicating Duff&Phelps Reag as the advisor chosen by the bank for the sale of the assets.

According to the rumours, there are about 90 properties in Milan, Padua, Florence, Siena and Rome, including the offices located in Via Santa Margherita in Milan and in Via del Corso in Rome. The portfolio also includes some historical buildings as well as former bank branches.

The headquarters in Siena, Rocca Salimbeni, will not be sold. The sales of real estate assets for an amount of 500 million euro is included in the de-risking plan till 2021 as agreed with the EU Commission during the bailout that saw the entrance of the Ministry of Finance with a 68% share.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

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