Courtesy: Paolo Bossi | News Source: globallegalchronicle.com

Clifford Chance advised Corinthia Hotels on the redevelopment and leasing of the former seat of the Central Bank of Italy on Parliament Square in Rome as part of a deal struck with the Rueben Brothers, the private equity, real estate investment and development firm.

The historic property in the centre of Rome will become the latest addition to Corinthia Hotels’ renowned five-star hotel portfolio.

Corinthia will develop, lease and operate the historic 7,500m2 property as an ultra-luxury hotel, featuring guest suites and bedrooms, restaurants and bars, central garden, spa and rooftop amenities.

Design work is commencing with immediate effect and works are expected to start in 2020.

Corinthia Hotels Limited, based in Malta, is the operator and developer for Corinthia hotels in Europe, Africa and The Middle East.

The cross-jurisdictional team consisted of London-based Partner Ian Painter (Picture) and Associates Melissa Sykes and Ivan Yuen, as well as Partner Claudio Cerabolini, Senior Associates Angela Benincasa and Marina Mobiglia, and Associate Alessandro Parini in Italy.