Bain Capital Sells Repositioned Rome Office Building Severo 246 in EUR District

Bain Capital announced April 20, 2026, the sale of Severo 246, a repositioned office building located on Via Cristoforo Colombo in Rome's Greater EUR district, completing a multi-year value-add repositioning strategy. Financial terms of the transaction were not disclosed.

Office Repositioning in Rome's EUR District

Severo 246 comprises approximately 12,000 square meters of office space situated along a major arterial route equidistant from Rome's city center and the EUR office district. The EUR submarket is a well-established business area in the Italian capital, home to a range of corporate occupiers and benefiting from strong transport connectivity.

Bain Capital acquired the asset as a legacy single-tenant office building and subsequently undertook a comprehensive refurbishment program following the departure of the incumbent tenant. The scope of work included the redevelopment of internal layouts, upgrades to common areas, and the introduction of modern amenities designed to align the building with current occupier demand. The building was fully pre-leased ahead of completion and delivered to a new occupier in 2025.

Investment Strategy

The transaction reflects Bain Capital's Europe Real Estate strategy, which targets repositioning and developing high-quality assets across office, living, logistics, and hospitality sectors in supply-constrained markets. The firm describes its approach as focused on situations requiring operational expertise and capital investment to unlock value.

"This transaction reflects our ability to identify underutilised assets and reposition them through hands-on execution," said David Cullen, a Partner on Bain Capital's Europe Real Estate team. "We acquired a single-tenant building with leasing risk and transformed it into a modern, fully leased asset aligned with tenant demand. It is a strong example of how we create value through disciplined asset management and local execution."

Javier Ortigosa, an Operating Partner at Bain Capital, added: "Severo 246 is representative of our broader approach in Europe, where we focus on situations that require operational expertise and capital investment to unlock value. From refurbishment through leasing and delivery, this was a full-cycle investment that demonstrates the strength of our platform."

Advisors and Transaction Structure

JLL and Cushman & Wakefield served as sell-side advisors to Savills Investment Management and Bain Capital on the transaction. Gatti Pavessi Bianchi Ludovici provided legal counsel. The identity of the buyer was not disclosed.

Firm Background

Bain Capital manages approximately $225 billion in assets under management across its global platform, which includes private equity, growth and venture, capital solutions, credit and capital markets, and real assets strategies. The firm operates 24 offices across four continents and employs more than 1,900 professionals.

Sources: Bain Capital press release, April 20, 2026. https://www.baincapital.com/news/bain-capital-announces-sale-severo-246-rome-following-full-repositioning