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The Region of Veneto selling Palazzo Balbi in Venice

29 August, Il Sole 24 Ore

The Region of Veneto is about to put for sale over 100 properties for a total value of 160 million euro. The Region has recently updated and disclosed its requalification and divestiture plan. The program includes historic buildings and student residences, agricultural lands and custom houses. The jewel though is the headquarter of the Regional Council, Palazzo Balbi, located on Canal Grande in Venice. The property will be put on the market with a starting price of 26 million euro.

Another prime property is the headquarters of the Regional Administrative Court (Tar), Palazzo Gussoni. The price is 13 million. The offices in Rome in Via del Tritone (9 million) and in Brussels (2.8 million) are also for sale. There are also properties on offer at more affordable prices such as the custom house in Cencenighe Agordino for 35 thousand euro. The optimisation plan of the Region’s real estate assets follows a round of sales completed last year. That time, the Region sold seven properties obtaining earnings for 8.1 million euro.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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