Invel Real Estate and an institutional investor from Restart SIIQ S.p.A. (BIT:RST) acquired Viale Richard 5 for €12 million on October 1, 2020. Invel has identified a comprehensive capex programme that will see it invest €16 million to realize the asset’s potential to deliver value. This latest acquisition brings the investment firm’s AUM in Italy to approximately €850 million. Invel Real Estate and an institutional investor from Restart SIIQ S.p.A. (BIT:RST) completed the acquisition of Viale Richard 5 on October 1, 2020.