Project Palace in Italy

Venice, Italy

Investment Details

  • Type

    Real Estate

  • Sector


  • Investment Stage


  • Investment Target

    46,00M EUR

  • Investment Type


  • Investment Style


  • Deal Size

    25 to 100 MUSD

  • Investment Start date


  • Yield


  • Built Up Area

    3450 SQM

  • Price per Area Unit

    13,33k EUR

  • Leverage Ratio


Basic Info

  • listing Name


  • Founded Year


  • Brief

    For sale, a 15th century palace centrally located on Venice's famous Grand Canal with luxurious interiors filled with artistic heritage and a view of the Rialto Bridge.

  • Geographical Region


Contact Info

  • Address

    Venice, Italy

  • City


  • Country


  • Phone Number


  • Email

  • Website


 -As of now, the owner is continuing with the construction of 15 apartments, out of which, they expect to have the first 8 apartments ready, by the end of 2014. These apartments are at the rear side of Palazzo Moro.

- The sale of the entire Moro Palazzo Garzoni (3450 square meters) at present (if the buyer has a different aim to convert it to a ES Hotel, Embassy, Museum), for €  41 Mn. Cost of completion of the works, which are projected to be about €  5million, must be added.

The sale of only the front of the Palazzo Garzoni (2050 square meters), atpresent for €  31 Mn.

-The ideal opportunity for a real estate investor to acquire a fantastically located property with all renovations completed and some art work restoration in process and to be completed within a short time.

- Limited competition due to the unique and historical nature of the property gives the investor the opportunity to grow occupancy rates, RevPAR and increase overall sales.

- Great opportunity for investor to break into the market before the economy faces another upward swing in real estate.

-Venice is the most popular holiday destination in Italy and among the top 10 tourist cities in Europe and its residents and tourists consist of many high net worth individuals who would highly consider time shares and other leasing/buying options.

-An opportunity for an investor for taking a strategic exposure to a resilient business which shall generate strong income and cross-selling from other core hospitality services such as F&B and retail.

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