Degi, part of Aberdeen Property Investors, has taken possession of the building occupied by the Italian headquarters of Procter & Gamble, following completion of the construction work.
Degi, part of Aberdeen Property Investors, has taken possession of the building occupied by the Italian headquarters of Procter & Gamble, following completion of the construction work.
The preliminary contract for the office project located in Rome was signed in July 2007. Following completion of the construction work and acceptance by Procter & Gamble, the building has now been incorporated into the portfolio of Degi International, a Germany domiciled open-end property fund. The total investment volume came to about EUR 110 mln. The office park has a rental space of approximately 20,000 m2 and is located in the E.U.R. office sub-market in the southern part of the Italian capital.
In all, through its branch office in Milan, Degi in Italy manages property assets of approximately EUR 860 mln for its various property funds.
