The transaction concerns Palazzo Volpi Galloppi, a historic 17th-century building located at Via del Quirinale 21, as well as the adjacent property at Via delle Quattro Fontane 147. These two closely connected historic buildings form a 14,700 sq.m office complex in Rome’s central business district, in the immediate vicinity of the city’s main political, cultural, and economic institutions.
With this acquisition on behalf of their joint real estate investment vehicle, managed by Swiss Life Asset Managers France, Mapfre and Swiss Life—through several entities of their respective groups—confirm their real estate strategy in Italy and their focus on high-value heritage assets in Rome.
A historic real estate ensemble in the heart of Rome
A true testament to Rome’s architectural heritage, the complex stands out for its baroque architecture, its suspended terrace gardens, and its exceptional location next to the Presidential Palace and the Quattro Fontane square.
The asset is leased to IVASS (Istituto per la Vigilanza sulle Assicurazioni), a leading public authority.
This acquisition is part of a long-term investment strategy aimed at benefiting from Rome’s favorable market dynamics: low vacancy in the central business district, rising prime rents, and strengthened interest from international institutional investors.
“This landmark acquisition reflects our ambition to sustainably strengthen our presence in Southern Europe. Rome currently offers particularly attractive fundamentals, combining supply scarcity, strong tenant demand and exceptional heritage quality,” said Fabrice Lombardo, Head of Real Estate Activities in France at Swiss Life Asset Managers.
“This building perfectly meets the type of asset we are looking for in Mapfre: a high-quality, well-located property with stable income streams” said Carlos Díaz Gridilla, General Manager at Mapfre Inmuebles.
About Mapfre
Mapfre is a global insurance, reinsurance, assistance, and financial solutions company. It is the largest Spanish-owned insurer in the world, a leading multinational insurance group in Latin America, and ranks sixth among the largest insurers in Europe by revenue. Mapfre employs more than 30,000 people worldwide, and in 2025 it reported net earnings of €1.1 billion (+19.6%) on revenue of €34.5 billion (+4%).
About Swiss Life Asset Managers
Swiss Life Asset Managers has been managing the Swiss Life Group’s assets since the company was founded 165 years ago. Its insurance-based DNA plays a key role in its investment philosophy, which is governed by key principles such as long-term vision, the delivery of stable and sustainable performance, and a responsible approach to risk management.