Palazzo Esedra in Rome: A Landmark Property on the Market
Rome, Italy – Palazzo Esedra, one of the Italian capital’s most iconic buildings, situated prominently in Piazza della Repubblica, is reportedly up for sale with an asking price exceeding 200 million euros. This news, reported by Milano Finanza, citing sources within the real estate sector, indicates that the property will be placed on the market after extensive renovation work and adherence to all regulatory constraints.
Designed in the late 19th century by Gaetano Koch, Palazzo Esedra is expected to be the top real estate transaction of the year, both in terms of its significant value and the historical importance of the building.
Property Details and Ownership
The five-story property comprises two semi-circular twin buildings that face directly onto the piazza. It has been owned by the Feltrinelli family for over a century and is currently an asset of the Finaval real estate holding company, chaired by Carlo Feltrinelli.
The building boasts a total area of 30,000 square meters, housing a mix of offices and commercial activities. These include a gallery featuring the ‘The Space’ multiplex cinema, the historic Sicilian pastry shop ‘Dagnino,’ and the Mascagni Collection hotel. All these commercial contracts expired in December, paving the way for the building’s sale.
Potential Buyers and Market Impact
According to Milano Finanza, several major groups are reportedly evaluating the acquisition, with Unicredit and Allianz among the potential buyers. This high-profile sale underscores Rome’s growing attractiveness in the international real estate market.
This development follows recent reports highlighting Rome as the leading Italian city for international real estate purchase requests in 2025, with the upcoming Jubilee event further boosting growth. Areas such as the city center, Parioli-Flaminio, and Salario-Trieste are noted as the most sought-after neighborhoods for both buying and renting properties.
The sale of Palazzo Esedra is expected to have a significant impact on Rome’s real estate landscape, potentially attracting further investment and development in the city’s historic center.
What this Means for Residents and Businesses
The potential sale of Palazzo Esedra raises questions about the future of the historic shops and businesses currently operating within the building. While the commercial contracts have expired, the fate of these long-standing establishments remains a point of interest for local residents and visitors alike.
The renovation and subsequent sale of such a prominent landmark could lead to significant changes in the commercial offerings within Piazza della Repubblica, potentially bringing new businesses while raising concerns about the preservation of the area’s traditional character.
Further Information and Updates
For more updates on this significant real estate transaction and its implications for Rome, residents and interested parties are encouraged to follow local news outlets and official city announcements.
Contact Information for Real Estate Inquiries:
- For general inquiries about commercial properties in Rome, contact the Rome Chamber of Commerce.
- For inquiries regarding historic preservation, contact the Soprintendenza Speciale Archeologia Belle Arti e Paesaggio di Roma.
Relevant Links:
- Rome Real Estate Market Insights: [Placeholder for a relevant link to Rome’s real estate market analysis]
- City of Rome Official Website: [Placeholder for Rome’s official municipal website]
Note: This article is based on reports and may be subject to change as further details emerge regarding the sale of Palazzo Esedra.
Source: https://roma.corriere.it/notizie/cronaca/26_gennaio_17/palazzo-esedra-in-vendita-a-roma-feltrinelli-chiede-200-milioni-le-botteghe-storiche-rischiano-di-scomparire-a6ef26f7-9ef4-4c2d-9668-12fcf1f91xlk.shtml
