Real Estate Transaction Consulting

Duff & Phelps Advised the DAM Department of Unicredit S.p.A

La Rinascente department store has been sold by Unicredit S.p.A. Independent real estate advisor to the DAM department of Unicredit S.p.A.

UniCredit S.p.A selected Duff & Phelps Real Estate Advisory Group as an advisor to start an international competitive tendering process, aimed at transferring a prime commercial real estate asset located in the historic city center of Firenze, La Rinascente Palace. The property is a unique investment opportunity, with a prominent location, good visibility and a total covered surface area of approx. 6,850 m² It is fully rented to a prime department store retailer, La Rinascente, a concept store located in some of the main Italian cities Milan, Turin, Genoa, Monza, Padua, Rome, Cagliari, Catania and Palermo.

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