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Sold Isola F4: signs of recovery for the office district of Naples
The 18th July an important real estate operation in the office district of Naples was finalized. The company 24 Real Estate has negotiated the sale of a portion of properties for a total surface of 500 Sq m, all sold today. The Virgilio Fund, managed by Finanziaria Internazionale Investments Sgr S.p.A, sold to Agc immobiliare Srl and Di.Ge immobiliare srl from the National Consortium of Security (Cns Scarl), all societies managed by the Naples entrepreneur Antonio Romano, for a price of approximately 5.2 million and with the financial support of Credem Leasing and of MPS leasing.
According to the experts of the sector, the sale of Isola F4 is a clear signal of recovery of the real estate market in the office district area of Naples after a long crisis. In fact, after transfers ( the tower occupied by Telecom for instance ) and cancellations ( Enel has announced to be leaving the properties owned by Torre Sgr), finally we can register a sale. On the other hand, it’s quite recent the other sale of the building just beside to the Pegaso Telematic University. After the renovation works, the Pegaso new headquarter will be launched soon.
The real estate property sold to Cns has a total surface of 4,980 gross Sq m distributed between the ground and eighth floors, the whole16th and part of the 17th. 43covered parking spaces in the first and second level of the basement are allotted to the units. The properties are rented to the Police station Vasto Arenaccia, the Judicial Police, Groupama Assicurazioni, Gi&Ma Srl, and Rdf Investimenti Srl, for a total value of 600 thousand euro yearly, net of consortium charges. The group led by Antonio Romano is specialized in the installation and maintenance of security systems, especially for banks. Today with its 250 employees, it manages 5000 installations throughout Italy, leading the sector and achieving a turnover of 15 million per year.
The group 24 was created by the merger of two companies operating in different sectors among financial, real estate and legal services. Today it relies on a network of professionals of the credit, real estate agents and consultants, operating in the whole country with offices in Milan, Rome, and Naples. Within the society, 24Real Estate, led by the Naples entrepreneur Rino Moscariello, provides real estate consulting and brokerage services for investments opportunities in Italy and abroad in the “turnkey” residential, commercial, retail, hotel, and industrial sectors.
Translator: Cristina Ambrosi