Rome, former Guido Reni barracks, start of binding offers

For the former Guido Reni Barracks - owned by Cdp - phase 3 opens, i.e. the go-ahead for binding bids for the redevelopment project that has been awaited for decades in the heart of Rome's Flaminio district, involving the 50,000 square metre former military complex and an investment of around EUR 500 million.
According to rumours, after the first phase - that of the expressions of interest, between 13 and 29 January, managed by Cdp Real Asset - which had gathered the participation of 11 operators in the sector, last 21 March phase 2 (started on 5 February), that is the invitation to formulate a non-binding offer, also closed. From 11 - qualified sources explain - six non-binding offers were actually received by Cdp Real Asset from national and international operators operating in Italy, including asset management companies, developers, global asset managers and property companies. No comment from Cdp Real Asset..

Among the interested parties - again according to rumours - would appear to be Coima (which had had its first tender cancelled in 2024 due to an offer deemed unsatisfactory), Hines, Generali, Kryalos, Investire Sgr (as leader of a grouping that also includes Dea Capital) and Fabrica Sgr (Caltagirone Group). Yesterday, the six operators were therefore admitted to phase 3 for the formulation (if they so wish), by 23 June, of a binding offer for the establishment of the partnership with Cdp. They will therefore have the opportunity to access a virtual data room containing the technical and administrative documentation needed to carry out the due diligence activities, to ask technical questions about the area, and to visit the compendium. As already envisaged by Cdp's board of directors on 13 December last, the group will retain a minority stake in the initiative and oversight of its social component.

The partnership will take place through a multi-compartment fund, with Cdp Real Asset holding a 25% stake in the "private building" segment and a 50% stake in the "subsidised building" segment. Once set up, the partnership will become the implementing party of the project, which envisages - among other things - the financing of the project to build the Science Museum, which will be managed and implemented by the municipality itself.

The former Guido Reni Barracks covers an area of more than five hectares in Rome and envisages the construction of two subdivisions: a public subdivision, which will house the new Science Museum, and a private subdivision of 45,000 square metres for residential use - including a portion intended for subsidized housing - accommodation and commercial use, as well as green areas, squares and equipped pedestrian paths, a civic centre, a library and public car parks.