Clifford Chance assisted in investments in luxury real estate portfolios

Clifford Chance Real Estate team comprising partner Paolo Rulli (pictured) and senior associate Ivana Magistrelli assisted:

• Central Retail Corporation, the Thailandese Group which owns la Rinascente, in the acquisition of a 17,500 sq m building in via del Tritone, in the center of Rome, in order to develop and expand the Italian Brand;

• The Carlyle Group in relation to the acquisition of a 15,000 sq m building in Piazza Santa Maria Beltrade, in the center of Milan [we reported].

„The Italian real estate market continues to be quite flat due to the current market condition even if we register continuing and growing interest of foreign investors in Italian assets. These recent real estate acquisitions confirm the current market trend“, commented partner Paolo Rulli.