Inpdap Auction of Commercial Complex Near Lake Garda on March 13

The auction starts with a base bid of 15 billion 744 million euros, but the owning entity, namely Inpdap (which has consolidated all public sector pension funds for years), hopes to raise a few million more.

The sale of the large commercial complex at the Perla roundabout, which currently also houses Standa, will take place on March 13th, with a sealed bid auction method, for all non-residential units within the building.

If the reserve price is not met, another round will follow, this time for individual lots, on March 23rd.

Location of the complex and past ownership

The commercial complex is located in a strategic area, just a short walk from the motorway exit, adjacent to the new ring road with recently improved access ramps, and is practically on the outskirts of the capital of the lower Lake Garda area.

It was originally owned by Cantieri Riuniti di Milano, later transferred to Inadel, and subsequently to Inpdap, which, to lighten its balance sheets, decided to sell off its enormous property portfolio, consisting of 43,000 units, of which 40 percent are located in Rome.

Sales forecasts and upcoming properties

In this initial operation, Inpdap expects to generate approximately 675 billion 500 million euros from auctions held across Italy.

Also on March 13th, another Inpdap property located in via Lombroso in Brescia will be awarded; its starting estimated value is 1 billion 632 million euros.

Of course, tenants of shops and offices will be granted pre-emption rights.

Interest in the area

This area is expected to attract many entrepreneurs in the sector.