Hybrid Tower / Mestre

2023

Location: Mestre
Year of acquisition: 2023
Project status: for sale
Works status: complete

"The tallest tower in the lagoon."

The building is located in Mestre in Via Torino, 6.

DESCRIPTION:

The Hybrid Tower is located in Mestre. It is a 19-story building that extends over a total gross area of approximately 4,100 square meters. The building is the tallest tower in the Venice lagoon and includes 38 apartments, 5 floors for offices, 1 panoramic restaurant located on the 18th and 19th floors as well as a large monitor on the facade to be rented for advertising space. Rental status: the property is currently 100% rented with variable remuneration contracts. An optimization of management costs is underway which, together with the steady-state yield, should improve the Net Yield which is currently below the market average.