Currie & Brown appointed as independent expert for new 25hours Hotel in Florence
12 December 2019
Currie & Brown has been appointed by Art-Invest Real Estate and Invesco Real Estate, the global real estate investment manager, as independent expert for the new 25hours Hotel in Florence.
Located within the Piazza San Paolino, this project will see the conversion of an old bank into a hotel of 171 rooms with 13,000m2 of floor space. Due to open in 2020, it will encompass an Italian restaurant under the patio roof and a café at ground level, creating a lively atmosphere in the piazza.
Currie & Brown will have ongoing involvement during construction, liaising with representatives to inspect the site regularly and reviewing documents prior to the handover of the premises.
Matteo Mantovani, Currie & Brown’s Italy director, commented: “We are thrilled to be involved in a project of this size, right in the heart of Florence. We are looking forward to working alongside Art-Invest Real Estate and Invesco Real Estate to realise the potential this renovation project holds.”
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Invesco currently manages US$1.2 trillion in assets on behalf of clients worldwide.
About Invesco Real Estate (IRE)
Invesco Real Estate is a global leader in the real estate investment management business with US$80.3 billion in real estate assets under management (AuM), 519 employees and 21 regional offices across the US, Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. In Europe, IRE has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and around 163 employees. It manages 159 assets across 13 European countries and with AuM of US$12.6 billion.
About Art-Invest Real Estate
Art-Invest Real Estate is an experienced investor, developer and asset manager operating across key gateway cities in Germany, Austria, Italy and the United Kingdom. Established in 2010 and headquartered in Cologne, the business operates as a private partnership with the Zech Group and the managing partners as shareholders.
The group invests and manages on behalf of its proprietary capital, regulated institutional funds and select joint venture partners pursuing a ‘manage to core’ investment strategy across the risk spectrum principally in the office, retail, hotel, residential and data centre sectors.
The group has currently more than €6 billion AuM with more than €2 billion invested equity for a range of institutional investors as long-term partners.