Legals

Three P
privilege privacy prestige

Repertorio n. Raccolta n……………….
VENDITA REPUBBLICA ITALIANA
L'anno……………, il giorno……del mese di….. in Velletri, Piazza XX Settembre
n.10 (lì / /2015)
Avanti a me dottor Pierpaolo Siniscalchi, Notaio iscritto presso il Collegio
dei Distretti Notarili di Roma, Velletri e Civitavecchia, alla residenza di
Velletri sono presenti i signori:
- BARTOLOTTA CINGOLANI FILIPPO nato a Roma il 25 luglio 1962,
domiciliato in Roma, via Archimede 179
il quale dichiara di essere coniugato in regime di separazione di beni,
- MONTEFUSCO MARGHERITA nata a Roma il 1 settembre 1963,
domiciliata in Roma, via Archimede 179
la quale dichiara di essere coniugata in regime di separazione di beni,
e
(dati dell'acquirente)..............................................................................
Comparenti, ben cogniti tra loro come asseriscono, della cui identità
personale sono io Notaio certo, i quali con il presente atto dichiarano,
convengono e stipulano quanto segue:

Art. 1
I signori Bartolotta Cingolani Filippo e Montesfusco Margherita, ciascuno
per quanto di rispettiva spettanza, vendono e trasferiscono a (dati
acquirente),,,,,,,,,, ,che accetta ed acquista, le porzioni immobiliari site in
Comune di Roma, site in Piazza Campitelli, costituenti il seguente
compendio immobiliare:
CONVENZIONALMENTE SI DESCRIVONO GLI IMMOBILI SECONDO
L’ORDINE ''SUB''DA 1 A 13 CON IDENTIFICATIVI CATASTALI E
SUCCESSIVA DESCRIZIONE:
identificativi catastali
SUB #1 ’’FOGLIO 492 PART.25-29-29’’
SUB #2 ’’FOGLIO 492 PART.25 , S. 503’’
.SUB #3 ’’FOGLIO 492, PART.29, S.3’’
SUB #4 ’’FOGLIO 492, PART. 25 , S. 502’’
SUB #5 ’’FOGLIO 492, PART.29, S. 513’’
SUB#6 ‘’FOGLIO 492, PART.29, S. 507’’
.SUB #7 ’’FOGLIO 492, PART.29, S.2’’
SUB #8 ’’FOGLIO 492, PART.29, S.508’’!
SUB #9 ‘’FOGLIO 492, PART.29, S.510’’
SUB # 10 ’’FOGLIO 492, PART.29, S.512’’
SUB # 11 ’’FOGLIO 492, PART.29, S.508’’!
SUB # 12 ’’FOGLIO 492, PART.29, S.1’’
SUB # 13 ’’FOGLIO 492, PART.29, S.506’’

DESCRIZIONE DELLO STATO ATTUALE DEGLI IMMOBILI
SUB 1
Appartamento al primo piano del “Palazzetto” con ingressi al primo piano
della scala monumentale del Palazzo ed ingresso autonomo dal vicolo
Capizucchi.!L’appartamento si svolge su tre piani collegati fra di loro da una
scaletta circolare situata fra la sala da pranzo ed una camera da letto del
primo piano.
Il primo piano è costituito da ingresso, tre locali di soggiorno, una sala da
pranzo, tre camere da letto, tre bagni ed un locale di disimpegno. Dalla sala
di soggiorno centrale con camino rivestito nella sua parte esterna di legno
di pino si accede al giardino.
Il giardino è di forma rettangolare e si svolge per un totale di 177,65
mq2.!Al piano sottostante sono presenti i locali per la cucina per una stanza
da lavoro ed una stanza da letto di servizio, una dispensa e un ripostiglio.
Vi è al piano terreno infine una cantina con il locale caldaia, un piccolo
bagno ed una altro locale di servizio. Complessivamente si tratta di 351,77
mq2 commerciali coperti di cui 234,34 al primo piano, 44,19 al piano
intermedio e 73,22 al piano terreno.
I sofitti dell’ingresso sono in legno di Noce verniciato con colorazione verde
chiara e crema, il sofUitto del locale di passaggio fra il Palazzo ed il
“Palazzetto” è decorato con semplici disegni in rilievo, i sofUitti delle
stanze di soggiorno e della grande stanza da letto con Uinestre su Piazza
Capizucchi sono in legno di noce e di acero con cornici, rosoni e stemmi
dorati ornati ad imitazioni d’intarsio ed in rilievo.
Il locale di disimpegno è invece controsoffitato e nasconde una decorazione
simile a quella presente nel locale di passaggio sopra citata.!I pavimenti di
tutte le stanze ad esclusione dei bagni riferiti al primo piano sono in listoni
larghi di parquet di legno chiaro.
Tutte le porte delle stanze sono in legno chiaro risalente alla fine del 1800
e ne contiamo nove originali.!Il piccolo bagno della terza stanza da letto è in
condizioni non adeguate alle ristrutturazioni recenti.
Tutte le finestre hanno sportelli a vetri e controsportelli.!Al riscaldamento
dell’appartamento si provvede attraverso un impianto a gas con radiatori
istallati negli anni ’90.!Si rileva con grande importanza la presenza della
scala nella seconda stanza da letto che conduce all’appartamento del
palazzetto sovrastante di cui passeremo a descrivere le caratteristiche
successivamente (SUB 4).!In tale immobile sono stati eseguiti lavori di
ristrutturazione importanti negli anni 1961-1963 e recentemente nel
2010.!Sono stati risistemati i due bagni principali restaurato il soffitto della

stanza di passaggio e le decorazioni del camino.!Anche il giardino ha subito
una completa nuova sistemazione.!Gli impianti elettrici ed idraulici sono
stati resi conformi alle norme vigenti in materia.Confinante con immobile
descritto secondo SUB 2, vicolo Capizzucchi .
SUB 2
Locale al piano terreno del “Palazzetto” con ingresso da vicolo Capizucchi
n.12.!Tale locale destinato oggi ad uso ufficio misura 43,71 mq2
commerciali. E’ composto dal medesimo e da un bagno, il pavimento è in
travertino ed è stato oggetto di recente ristrutturazione.
Il soffitto è di 5,2 m d’altezza.
Il locale è confinante con i locali del piano terreno dell’appartamento del
giardino e del locale SUB 3 di cui segue la descrizione.Confinante con
immobile descritto secondo SUB 1, vicolo Capizzucchi
SUB 3
Locale al piano terreno del “Palazzetto” con ingresso da piazza Capizucchi
n.13.!Questo locale ad uso magazzino è stato recentemente ristrutturato ed
è dotato di pavimento in travertino.
Il suddetto locale misura di 42,3 mq2 commerciali ed è contiguo al locale di
cui già descritto al SUB 2.Confinante con immobile descritto secondo SUB 2,
Piazza Capizzucchi .
SUB 4
Appartamento al secondo piano del “Palazzetto” ed al primo piano
ammezzato del Palazzo con ingresso dalla scala monumentale e dalla scala
a chiocciola che si diparte dall’androne del Palazzo.!La proprietà misura
325,75 mq2 commerciali e 70 mq2 di terrazze: quella sopra la camera da
letto padronale 41,9 l’altra sopra l’immoblie di cui al SUB 1 28,05.
Tale appartamento si divide in tre corpi: il primo predisposto per ricevere,
il secondo come zona letto ed il terzo con cucina, tinello e zona servitù a cui
sia accede per mezzo di un ballatoio.!All’appartamento si accede da una
porta alla metà della quinta rampa dello scalone monumentale ed è
composto nella parte rappresentanza da un ingresso, una sala di soggiorno,
una sala da pranzo ed uno studio serviti da un bagno e da un altro minore
wc.Dall’ingresso tre gradini sulla sinistra conducono alla zona notte
preceduta da un disimpegno che collega il Palazzo con il “Palazzetto”, da
tale disimpegno si scorge sia la piazza Capizucchi che via dei DelUini.!La
zona notte è quindi composta dalla camera da letto padronale, da altre due
camere da letto e da un altro bagno.

Dalla camera da letto padronale a mezzo scala di legno si accede al
terrazzo sovrastante tale medesimo ambiente da cui si può scorgere
l’altare della Patria ed il Campidoglio. Dalle stanze da letto in questa area si
accee ad un terrazzo che corrisponde al soffitto dell’appartamento di cui
SUB 1.
Alla destra dell’ingresso principale di cui sopra si accede attraverso un
altro impegno ad un ballatoio luminoso con copertura in ferro e vetri
opachi che conduce alla zona servizio.!Quest’area si compone di un tinellostireria
una grande cucina ed una stanza per la servitù con relativo bagno.
Dal tinello si accede con con una porta alla scala a chiocciola che si diparte
dall’androne del Palazzo e che termina sul terrazzo con annessa soffitta di
cui descriveremo al SUB 6.!I soffitti delle stanze di rappresentanza sono a
camera a cassettoni semplici senza decorazioni dipinti con i colori verde
chiaro e crema.
I pavimenti sono in parquet di quercia a spina di pesce con parquet
inchiodato.!Le porte sono verniciate con i colori verde chiaro e crema
medesimi ai cassettoni e sono di costruzioni comune provenienti dalla
ristrutturazione di Uine ‘800.
Gli impianti elettrici ed idraulici sono stati completamente realizzati
nell’ultima restaurazione del 2002-2004.!I tre bagni principali sono
rivestiti in travertino mentre sia il bagno di servizio per la servitù che il
piccolo wc con lavandino presentano rivestimenti di maiolica.
Il ballatoio presenta una pavimentazione in cotto rosso antico mentre il
tinello, la cucina e la stanza per la servitù presentano pavimentazioni di
cotto di recente fattura.!Come già espresso in questa descrizione la
ristrutturazione completa dell’immobile è avvenuta nel periodo 2002-2004
ad opera dell’architetto Berardi.
Si fa notare che il bagno della stanza da letto padronale non consente ad
oggi alla scala proveniente dall’immobile SUB 1 di raggiungere il
medesimo.Confinante con immobile descritto secondo SUB 5 e scala
monumentale del Palazzo.

SUB 5
Appartamento al piano ammezzato del Palazzo con ingresso al secondo
piano della scala monumentale e dalla scala a chiocciola che diparte
dall’androne del Palazzo.!La proprietà misura 159,79 mq2 commerciali.
Si accede all’immobile dal pianerottolo del secondo piano della scala
monumentale del Palazzo ed immediatamente ci si trova nel ballatoio
costruito con parete di mattoni in foglio e sostenuto da sei mensole in
muratura.
Sulla destra rispetto all’ingresso vi è una stanza ripostiglio ad oggi
utilizzata come cucina.!Percorrendo i nove metri del ballatoio si giunge ad
un disimpegno che termina con tre gradini; questi conducono ad un
soggiorno con Uinestra su piazza Campitelli. Subito sulla sinistra vi è una
porta che conduce ad una prima camera da letto.
Sempre sulla sinistra dei gradini appena menzionati vi è un passaggio che
conduce ad un primo bagno ed un'altra porta che conduce alla seconda
camera da letto. Vi è poi un secondo bagno che serve quest’ultima.
Un’ulteriore disimpegno conduce alla scala a chiocciola che si diparte
dall’androne del Palazzo.!Le due camere da letto così come il soggiorno
hanno finistre su piazza Campitelli.
L’immobile è stato ristrutturato recentemente nel 2013, i due bagni sono
rivestiti in travertino, i pavimenti del soggiorno e delle camere da letto
sono in stuoia mentre i sofUitti a cassettoni verniciati in colore bianco. Le
porte sono anch’esse di colore bianco e provenienti dalla predetta
ristrutturazione di Uine ‘800.
Si nota che nel soggiorno, una volta scesi i tre gradini, vi è una trave in
ferro a vista che sostiene il soffitto dell’immobile frutto dei lavori di
ristrutturazione appena menzionati.!La proprietà ha deciso di adottare
questa forma estatica originale.Confinante con immobile descritto secondo
SUB 4 e scala monumentale del Palazzo.

SUB 6
Terrazzo con soffitta a livello collocato nella parte anteriore del Palazzo e
scala a chiocciola che parte dall’androne con annesse tre porte di cui due
ingressi agli immobili SUB 4 e SUB 5 e ulteriore terza porta con piccolo
oratorio affrescato.
Tale unità immobiliare consiste in una scala a chiocciola che va
dall’androne alla terrazza di facciata su piazza Campitelli e dà anche
accesso agli immobili SUB 4 e SUB 5.!La terrazza situata nel corpo di
fabbrica anteriore al Palazzo e la sofUita contigua sono servite da tale scala
a chiocciola e misurano complessivamente 102,3 mq2 commerciali la
prima e 86,88 la seconda. Tale soffitta è stata oggetto di recenti lavori di
ristrutturazioni e consolidamento e dispone di un bagno con doccia e di una
cucina all’americana.
Il pavimento è costituito da un parquet rustico mentre la terrazza è stata
integralmente ripavimentata.!Come descritto dalla scala a chiocciola si
accede ad un piccolo oratorio- cappelina che ha subito recenti opere di
restauro.Confinante con immobile descritto secondo SUB 4, SUB 5,
androne del Palazzo.
SUB 7
Locale al piano terreno dell’immobile all’interno n.1 con due ingressi
presso l’androne del Palazzo, contiguo alla scala a chiocciola sopra
citata.!Questo immobile di 123 m2 commerciali si compone di quattro
stanza e di un bagno con ripostiglio.
La prima e la seconda porta a sinistra dell’androne hanno accesso alle
prime due stanze di tale immobile.
Attraverso un ambiente secondario da cui si può avere accesso anche dalla
seconda porta dell’androne si possono percorrere i gradini in marmo con la
balaustra in legno che danno accesso al bagno con doccia a servizio di
questi locali.
Sulla destra dei gradini in marmo vi è una porta attualmente chiusa, per
mezzo della quale si potrebbe avere diretta comunicazione fra questi locali
terreni e la medesima scala a chiocciola.!Le due stanze principali hanno
pavimenti alla veneziana con fasce e riquadrature a più colori
recentemente restaurate.
I soffitti sono dipinti con ornamenti in stucco e dipinti in chiaro scuro.
Durante il restauro di tali soffitti è emerso un affresco ad essi sottostante
che il sovraintende ai beni culturali presso Roma ha chiesto rimanesse a
vista.

Le porte dei due ingressi sono di abete di Moscovia disegnata a coppale
mentre le porte interne sono verniciate di colore scuro e munite di
serrature con maniglie in metallo!Le Uinestre di facciata hanno sportelli a
vetri e controsportelli in abete di Moscovia.
Il restauro di tale immobili ha richiesto un forte impegno artistico ed
architettonico ed è stato ultimato soltanto nel 2012.!Gli impianti elettrici di
riscaldamento e raffreddamento sono recenti ed in buone
condizioni.ConUinante con androne del Palazzo ed immobile SUB 8.
SUB 8
Locale con soppalco con grande ingresso sull’androne del Palazzo attiguo
all’immobile di cui SUB 7.!Questo immobile adibito ad uso ufUicio di 61 mq2
commerciali soppalcato per la metà ed alto rispettivamente 4,50 m e 2,6 m.
Questo locale senza Uinestre ha però luce dall’enorme porta di accesso
totalmente in vetro che ne consente la totale illuminazione.
Tale locale è anche dotato di servizi che si trovano una volta passato
l’ingresso sulla destra.!Il pavimento è in Uinto legno.!E’ stato restaurato
recentemente anche nella parte impiantistica. ConUinante con androne del
Palazzo ed immobile SUB 7.
SUB 9
Locale al piano terreno affrescato con unico ingresso dall’androne del
palazzo.!Questo locale di 32mq commerciale adibito ad uso ufficio si
compone di un solo locale con un affresco recentemente restaurato al
centro del soffitto, pavimenti in travertino e parete attrezzata a lavamani
ad oggi smontata ma con regolare autorizzazione ottenuta nel 2012.
L’altezza del soffito è di 3,70 m.ConUinante con androne del Palazzo ed
immobile SUB 11.
SUB 10
Locale al piano terreno dell’immobile con due ingressi dall’androne del
palazzo compreso di sotterraneo.!La terza e la quarta porta sulla destra
entrando nel Palazzo danno accesso a questo immobile costituito da un
primo locale che prende luce dal vicolo privato di proprietà Sigma-Tau sul
retro del Palazzo.
Da questo locale si accede ad altri tre locali che prendono luce
esclusivamente da una porta-Uinestra che dà sul medesimo vicolo.!Tale
immobile misura 92m2 commerciali ad esclusione del sotterraneo a cui si
accede attraverso una ripida scala che si trova nella stanza d’ingresso.!Il
sotterraneo si compone di tre locali e di un bagno.!Il pavimento del piano
terreno è in Uinto legno.!I sofUitti di altezza 5,20 m per il primo locale e di 4

per tutti gli altri sono a volta.!Gli impianti elettrici, idraulici e di
riscaldamento sono stati recentemente rinnovati.Confinante con androne
del Palazzo.
SUB 11
Locale al piano terreno dell’immobile con ingresso da piazza Capizucchi e
dall’androne del Palazzo.!Questo grande locale che misura la superfice di
114 m2 commerciali, si compone di uno spazio centrale collegato ai servizi
che sono doppi fruendo attraverso di una scala e di un soppalco di un
secondo bagno. L’ingresso autonomo da piazza Capizucchi consente
l’utilizzo di tale immobile in maniera autonoma rispetto all’ingresso dello
stesso Palazzo e del suo androne.
L’altezza della grande stanza è di 5,25 m.!I pavimenti sono in marmo, i
soffitti a volta e il portone esterno è di grandi dimensioni.!E’ possibile
addirittura far entrare un autovettura attraverso tale portone in caso nel
futuro tale operazione si rendesse necessaria, tuttavia tale immobile oggi è
un elegante ufUicio restaurato nel 2013. Confinante con androne del
Palazzo ed immobile SUB 9.
SUB 12
Locale a magazzino con ingresso su vicolo Capizucchi di pertinenza del
Palazzo.!Questo piccolo locale misura 12mq commerciali ed è adibito oggi ad
uso magazzino pur presentando un piccolo affresco al suo interno.
L’ingresso è nel vicolo Capizucchi ed è interno al grande
Palazzo.Confinante con Vicolo Capizzuchi.
SUB 13
Locale magazzino al piano terreno del Palazzo con ingresso dall’androne
interno del suddetto.!Questo piccolo locale ad uso magazzino è composto da
due livelli ognuno di 12mq commerciali circa e viene adoperato ad oggi
come deposito.Confinante con androne del Palazzo.
PROVENIENZA E PROPRIETA':!SUB 1,2,3,4,5,6,7,8,9,10,11,12 di proprieta'
di Filippo Bartolotta Cingolani e provenienti per 1/3 da successione del di
Giacomo Cingolani e per 2/3 da atto di donazione di Carolina Cingolani
SUB 5,6,7 di proprietari Margherita Montefusco e proveniente da atto di
donazione di Carolina Cingolani
Ai sensi di quanto disposto dall'articolo 29 della L.27 febbraio 1985 n.52,
così come modificato dall'art.19 del D.L. n.78/2010, convertito in legge
n.122 del 30 luglio 2010, la parte venditrice, ciascuna per quanto di
rispettiva spettanza, dichiara e garantisce che quanto in oggetto è
regolarmente identificato in Catasto e correttamente intestato ad essa

parte venditrice e che i dati censuari attribuiti e le planimetrie depositate
in Catasto sono conformi allo stato di fatto dell'immobile in oggetto sulla
base delle vigenti disposizioni in materia catastale. Si allega al presente
atto la ‘relazione di stima’ che ne forma parte integrante con tutti I 14
allegati relativi.

Art.2
La vendita viene fatta ed accettata con tutti i relativi usi, diritti, azioni e ragioni, servitù attive
e passive, adiacenze, dipendenze e pertinenze, nello stato di fatto e condizioni di diritto attuali,
con tutti i locali e spazi in comunione, diritti ed obblighi come per legge e quali risultano dalle
norme condominiali attualmente in vigore, così come dalla parte venditrice si possiede e si ha
diritto di possedere. La parte venditrice si obbliga ad eseguire i lavori previsti dall’intervento
di riqualificazione di cui all’allegato N.13 della ‘’relazione di stima’’ che si allega quale parte
integrante del presente atto con tutti i relativi 14 allegati.

Art. 3!
Dichiara e garantisce la parte venditrice la piena proprietà e disponibilità
di quanto in oggetto ad essa pervenuto come meglio in precedenza indicato.
Garantisce altresì la parte venditrice che quanto in oggetto è libero ed
esente da pesi, vincoli, canoni, oneri e privilegi anche fiscali, iscrizioni e
trascrizioni pregiudizievoli, ad eccezione di:
!- ipoteca iscritta in data 22 giugno 2009 al n.24393 di formalità a favore
della Banca Mediolanum S.p.A. a garanzia di un mutuo (VERRANNO
INDICATE LE MODALITA' DI ISTINZIONE DEL DEBITO RESIDUO)!-
trascrizione a favore del Ministero dell'Educazione Nazionale (oggi
Ministero della Pubblica Istruzione) Amministrazione dei Monumenti,
Musei, Gallerie e Scavi di Antichità relativa alla notificazione dell'interesse
storico-artistico per il fabbricato di cui sono parte le porzioni immobiliari in
oggetto, notificato in data 13 novembre 1932.!Garantisce la parte
venditrice consapevole delle sanzioni penali richiamate all'articolo 76 del
D.P.R. 445/2000, ai sensi di quanto disposto dagli articoli 46 e 47 del citato
D.P.R. e dichiara che il fabbricato di cui quanto in oggetto è parte è stato
edificato in epoca anteriore al 1 settembre 1967!che le porzioni in oggetto
non hanno subito modifiche per le quali fosse necessario richiedere
concessioni o autorizzazioni amministrative e non sono stati irrogati
provvedimenti sanzionatori di cui all'art.41 della legge 28 febbraio 1985,
n.47.!Per quanto sopra dichiarato e garantito, la parte venditrice vuole
essere tenuta per l'evizione come per legge.!In relazione agli obblighi di cui
al D.Lgs n. 192/2005 e successive modifiche e integrazioni (rendimento
energetico nell'edilizia) la parte acquirente dichiara di aver ricevuto dalla
parte venditrice le necessarie informazioni e la relativa documentazione,
anche allegata alla relazione di stima che forma parte integrante del
presente atto, comprensiva degli Attestati di Prestazione Energetica
redatti dal Geometra Ivan Mammucari di Velletri,!di cui agli immobili
descritti secondo quanto definito all’articolo n.1 del presente atto ed
allegato n. 5 alla ‘relazione di stima’ parte integrante del presente atto con
tutti i suoi 14 allegati. Segue riepilogo ulteriore:
sub1 in data ............di cui al n.5 dell’allegato alla ‘relazione di stima’
sub2 in data ............di cui al n.5 dell’allegato alla ‘relazione di stima’
sub3 in data ............di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub4 in data ........... di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub5 in data ............di cui al n.5 dell’allegato alla ‘relazione di stima’ !

sub6 in data .............di cui al n.5 dell’allegato alla ‘relazione di sima’
sub7 in data .............di cui al n.5 dell’allegato alla ‘relazione di stima’
sub8 in data .............di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub9 in data .............di cui al n.5 dell’allegato alla ‘relazione di stima’
sub10 in data ...........di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub11 in data ...........di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub12 in data ...........di cui al n.5 dell’allegato alla ‘relazione di stima’
!sub13 in data ...........di cui al n.5 dell’allegato alla ‘relazione di stima’
!
37 del 22 gennaio 2008 (conformità degli impianti degli edifici).

Art. 4!
Dichiarano le parti di avere di comune accordo convenuto e stabilito
a) il prezzo della presente compravendita nella somma di:
USD 33000000
per quanto trasferito dal signor Bartolotta Cingolani Filippo e per USD
28050000 (85%)
per quanto trasferito dalla signora Montefusco Margherita e per USD
4950000(15%)!
Dichiarano le parti, anche ai sensi dell'art.35 comma 22 del Decreto Legge
4 luglio 2006 n.223 e legge n.248 del 4 agosto 2006 consapevoli delle
sanzioni penali richiamate all'articolo 76 del D.P.R. 445/2000, ai sensi di
quanto disposto dagli articoli 46 e 47 del citato D.P.R.:!a) che detta somma
di USD 33000000
è regolata come segue:
40% e per USD 13200000 alla stipula del presente atto;
50%e per USD 16500000 alla scadenza dei 60 giorni;
10% e per USD 3300000 al collaudo dell’immobile da parte del
professionista incaricato,designato dalla parte dell’acquirente dopo i lavori
di riqualificazione dell’immobile, secondo il piano descritto nell’allegato sub
13 alla ‘’relazione di stima’’ , parte integrante del presente atto;
Essendo come sopra regolato l'intero prezzo della presente compravendita,
la parte venditrice ne rilascia alla parte acquirente quietanza, con rinuncia,
ove occorra, all'ipoteca legale ed esonero da responsabilità per il
Competente Conservatore dei Registri Immobiliari;!

Art. 5!
La parte acquirente verrà immessa nel possesso di quanto acquistato a
partire dalla data che inequivocabilmente determinerà il mancato esercizio
del diritto di prelazione da parte del Ministero competente e da tale data
diritti ed oneri saranno rispettivamente a favore ed a carico della parte
acquirente esclusi i lavori di riqualificazione e gli oneri di qualsiasi tipo ed
ordine relativi ai predetti lavori descritti dall’allegato n.13 alla ‘relazione
di stima’ parte integrante del presente atto.Resteranno a totale carico della
parte venditrice tutte le spese, tasse ed imposte, ordinarie e straordinarie,
derivanti da qualsivoglia causa anteriore alla data odierna, anche se
accertate o liquidate posteriormente, volendo la parte venditrice tenere la
parte acquirente indenne da responsabilità o molestia al riguardo e ciò
anche per patto espresso.

Art. 6!
Le parti si danno atto che, come sopra indicato, gli immobili oggetto del
presente atto sono sottoposti a vincoli storico-artistico e pertanto la
presente compravendita dovrà essere denunciata al Ministero per i Beni e
le Attività Culturali, ai sensi dell'art. 59 del D.Lgs 42/2004, in relazione
alla prelazione spettante allo stesso Ministero.!Le parti si danno quindi atto
che la compravendita è sottoposta alla condizione sospensiva del mancato
esercizio della prelazione spettante al Ministero per i Beni e le Attività
Culturali.!I venditori si impegnano a notificare al detto Ministero il presente
atto nel termine di legge non appena ricevute le necessarie copie.!La
condizione sospensiva cui è sottoposta la compravendita, si intenderà
verificata allorché sia inutilmente decorso il termine di sessanta giorni
dalla denuncia, o il Ministero abbia impegnativamente dichiarato di
rinunciare alla prelazione ad esso spettante.!Nessun altro adempimento
sarà a tal fine richiesto operando la scadenza del termine ipso-jure,
tuttavia sarà in facoltà delle acquirenti, per rendere noto ai terzi il
verificarsi della condizione stessa, di far ciò constatare mediante atto
pubblico o privato autenticato, da trascriversi o annotarsi a tutti gli effetti
di legge.!A tal riguardo, i venditori autorizzano fin d'ora le acquirenti,
perché possano stipulare il predetto atto anche senza il loro intervento, ai
sensi dell'art. 1395 Codice Civile esonerando fin da ora il Conservatore dei
Registri Immobiliari competente da ogni responsabilità al riguardo per la
formalità relativa.!Se il Ministero esercitasse la prelazione ad esso
spettante, la presente compravendita rimarrà definitivamente priva di
validità ed efficacia ed i venditori provvederanno a restituire le somme già
ricevute dalle acquirenti entro tre giorni dall'esercizio della prelazione
medesima.!Le spese del presente atto, dipendenti e conseguenti, sono e
saranno a carico della parte acquirente.
Di quanto sopra richiesto ricevo il presente atto che pubblico mediante
lettura da me Notaio fatta ai comparenti i quali da me interpellati, lo hanno
dichiarato pienamente conforme alla loro volontà e lo sottoscrivono
essendo le ore………………………………
E' scritto a macchina da persona di mia fiducia ma per mia cura e da me
Notaio completato in pagine e righe di questa dei fogli di cui si compone fin
qui.

Repository n. Archive n.
SALE ITALIAN REPUBLIC
In the year twothousand and fifteen, on the day in the month of in Velletri,
Piazza XX Settembre 10 (on / /2015)
Before me Mr Pierpaolo Siniscalchi, acting as Notary, registered to the
Board of notaries for the combined districts of Rome, Velletri and
Civitavecchia, in the residence of Velletri the following people stand:
- BARTOLOTTA CINGOLANI FILIPPO born in Rome, Italy on 25 July 1962,
living in Rome, via Archimede 179
Who declares that he is married under the regime of separation of property,
- MONTEFUSCO MARGHERITA born in Rome, Italy on 1 September 1963,
living in Rome, via Archimede 179
Who declares that she is married under the regime of separation of
property,
and
.....................................................................................................................................
.....................................................................................................................................
.....................................................................................................................................
Appearing parties, well acquainted with each other as they claim, whose
identity can be certified by myself acting as notary, who declare and agree
as follows.

Art. 1
Mr. Bartolotta Cingolani Filippo and Mrs. Montesfusco Margherita, each
one for their own part, sell and transfer to Privilege Privacy Prestige LLP,
Who accepts and buys,
the real estate units located in the Municipality of Rome, Piazza Campitelli,
Piazza Capizucchi, vicolo Capizucchi, which make up the following real
estate complex: BY CONVENTION THE REAL ESTATES ARE
DESCRIBED ON THE BASIS OF THE “SUB” ORDER FROM 1 TO 13,
PRECEDED BY THEIR REAL ESTATE IDENTIFICATION NUMBERS
SUB #1 ’’FOLIO 492 PARCEL 25-29-29’’
SUB #2 ’’FOLIO 492 PARCEL 25, S. 503’’
SUB #3 ’’FOLIO 492 PARCEL 25, S.3''
SUB #4 ’’FOLIO 492, PARCEL 25, S. 502’’
SUB #5 ’’FOLIO 492, PARCEL 29, S. 513’’
SUB#6 ‘’FOLIO 492, PARCEL 29, S. 507’’
.SUB #7 ’’FOLIO 492, PARCEL 29, S.2’’
SUB#8 ’’FOLIO 492, PARCEL 29, S.508’’
SUB #9 ''FOLIO'' 492, PARCEL 29, S.510''
.SUB # 10 ’’FOLIO 492, PARCEL 29, S.512’’
SUB#11’’FOLIO492, PARCEL 29, S.508’’
SUB # 12 ''FOLIO492, PARCEL 25, S 1''
SUB # 13 ’’FOLIO 492, PARCEL 29, S.506’’
Description of the building in the present conditions

Art.2
The sale is carried out and accepted by all parties involved with respect to
the purposes, rights, actions and reasons, positive or negative easements,
adjacencies or dependences, based on the current condition and legal
status, with all the common spaces and areas, rights and obligations as per
law and resulting from the co-ownership regulations in force;
simultaneously the buyers own and are entitled to own from the seller.
The seller undertakes to perform the refurbishment works provided for
the intervention of redevelopment included in the Annex n.13 of the
Appraisal, which is attached as an integral part of this Act, with all its 14
Annexes.

Art. 3
The seller declares and guarantees the complete ownership and
availability of the aforementioned, which has been received as stated
above.
The seller also guarantees that the aforementioned is free from obligations,
rules, commitments and fiscal privileges, adverse entries and registrations,
except for:
- Mortgage registered on 22 June 2009 with entry n. 24393
addressed to Banca Mediolanum S.p.A. as mortgage guarantee (THE
METHODS BY WHICH THE OUTSTANDING DEBT WILL BE SETTLED
SHALL BE INDICATED)
- Registration in favour of the Ministry of National Education (today
known as the Ministry of Public Education), Administration of
monuments, museums, galleries and historical sites related to the
historical-artistic interest in the complex made up by the real estate
units referred to above, served on 13 November 1932.Aware of the
criminal sanctions referred to by article 76 of Presidential Decree
445/2000, in compliance with articles 46 and 47 of the same
Presidential Decree, the seller guarantees and declares that the
building of which the above is part was built before 1 September
1967, that the aforementioned units have not been modified, so to
necessitate any licenses or administrative authorizations and no
sanctions have been inflicted with reference to article 41 of law 28
February 1985, n.47.
On the basis of this premise, the seller wants to be held for the eviction as
per law. In relation to the obligations referred to in Legislative Decree
92/2005 and its subsequent modifications and integrations (Energy
efficiency in the building sector) the buyer declares that he has received
the necessary information and documents by the seller, including the
Energy performance certificates drawn up by the surveyor Ivan
Mammucari from Velletri, referring to the real estates described by article
1 of this document, and attached to the Appraisal, which is an integral part
of this Act with all its 14 Annexes.
Follow additional summary:
Sub1 in data ............ of Annex n.5 of the Appraisal
Sub2 in data ............ of Annex n.5 of the Appraisal
Sub 3 in data ............ of Annex n.5 of the Appraisal
!Sub 4 in data ........... of Annex n.5 of the Appraisal

!Sub 5 in data ............of Annex n.5 of the Appraisal
Sub 6 in data ............. of Annex n.5 of the Appraisal
Sub 7 in data ............. of Annex n.5 of the Appraisal
Sub 8 in data ............. of Annex n.5 of the Appraisal
!Sub 9 in data ............. of Annex n.5 of the Appraisal
Sub 10 in data ........... of Annex n.5 of the Appraisal
!Sub 11 in data ........... of Annex n.5 of the Appraisal
!Sub 12 in data ........... of Annex n.5 of the Appraisal
Sub 13 in data ........... of Annex n.5 of the Appraisal
The parties declare that they are aware of the obligations provided by
Ministerial Decree n. 37 of 22 January 2008 (Compliance of building
systems).

Art. 4
The parties declare that they have agreed that the price of this purchase
must be equal to USD 33,000,000 (thirty-three millions of USD).
For the part transferred by Mr. Bartolotta Cingolani Filippo concerning the
value of USD 28,080,000 (85% of the total value)
For the part transferred by Mrs. Montefusco Margherita concerning the
value of USD 4,980,000 (15% of the total value).
Also in accordance with article 35 section 22 of Law Decree 4 July 2006
n.223 and Law n.248 of 4 August 2006, being aware of the criminal
sanctions referred to by article 76 of Presidential Decree 445/2000, in
accordance with articles 46 and 47 of the aforementioned Presidential
Decree, the parties declare:a) that the amount of USD 33,000,000
Is transfered as follows:
- 40% of the total value, for the amount of USD 13,200,000 at the
stipulation of this act;
- 50% of the total value, for the amount of USD 16,500,000 at the expiry of
60 days;
- 10% of the total value, for the amount of USD 3,300,000 after the testing
by the professional in charge, designated by the purchaser of the property
after the refurbishment works, according to the plan described in Annex
13 of the Appraisal, as integral part of this Act.
Since the complete price of this purchase has been regulated as described
above, the seller issues a receipt to the buyer, renouncing the legal
mortgage and exonerating the Keeper of the real estate register from all
responsibilities; b) that they have not turned to any real estate mediator
to finalise this purchase.

Art. 5
The buyer will be the owner of the acquired part starting from the day
when the pre-emption right cannot be exercised by the Ministry in charge
and starting from this date all rights and commitments are respectively in
favour and at the expense of the buyer; with exclusion of the
refurbishment works and the obligation of any type and order, connected
with the refurbishment works described by the Annex 13 of the Appraisal
as integral part of this Act. All ordinary and extraordinary expenses, taxes
and fees deriving from any circumstances prior to the current date, even
verified or settled at a later moment, should the seller exempt the buyer
from all responsibilities or inconvenience, even by formal agreement, will
be attributed to the seller.

Art. 6
The parties acknowledge, as stated above, that the real estates referred to
in this document are subject to historical-artistic duties, therefore this
purchase must be reported to the Ministry of cultural heritage and
environmental conservation, in accordance with article 59 of Legislative
Decree 42/2004, in relation to the pre-emption carried out by the same
Ministry.The parties acknowledge that the purchase is subject to the
condition precedent of the pre-emption not implemented by the Ministry of
cultural heritage and environmental conservation. The sellers engage in
serving the aforementioned Ministry with this document within the time
limits laid down by law, upon receiving all necessary copies.The condition
precedent on which the purchase is based is understood to be verified
when the 60-day time limit has uselessly passed since the report, or the
Ministry has bindingly declared its intention to renounce the pre-emption.
No other fulfilment will be requested to this end, by following the ipso-iure
deadline; nevertheless, in order to warn the third parties that this
condition has come into being, the buyers will be able to make it known
through a public or private certified document, to be copied or recorded
with full legal effect. To this purpose, the sellers hereby authorise the
buyers to stipulate the aforementioned document even without their
participation, in accordance with article 1395 of the Civil Code, exempting
the Keeper of real estate records from all responsibilities as of now for each
related record. Should the Ministry implement the pre-emption, this
purchase will be definitively invalid and ineffective and the sellers will
engage in returning the amounts received by the buyers within three days
since the pre-emption.The expenses related to this document, consequent
and interconnected, are and will be attributed to the buyer.
I received this document containing the aforementioned requests, which I,
the notary, made known by reading it to the appearing parties who,
consulted by me, declared it to comply perfectly with their will and they
sign it at …………….
Typewritten by a trusted person but completed by me, the notary, through
the pages and the lines making up the sheets of this document.

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TABLE OF CONTENTS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
–INTRODUCTION
–OBSERVATIONS ON THE BUILDING IN GENERAL AND ON THE
RESTORATION WORKS
–OVERVIEW OF THE REAL ESTATE PROPERTIES SUBJECT OF EVALUATION
–MARGINAL NOTES ON THE CRITERIA OF DESCRIPTION AND
MEASUREMENT
–DESCRIPTION OF EACH REAL ESTATE PROPERTY
–DESCRIPTION OF THE INTERVENTION OF REDEVELOPMENT
–ADDITIONAL REMARKS ON THE LOCATION OF THE REAL ESTATE
PROPERTY
–SUMMARY OF SURFACES
–SEARCHING FOR THE EVALUATION CRITERIA
–SEARCHING FOR THE EVALUATION PARAMETERS FOR DIRECT
PROCEDURE
–VERIFICATION OF THE NOMISMA OBSERVATORY ON ‘’EXCLUSIVE
RESIDENCES IN ROME’’
–SEARCHING FOR THE MARKET VALUE
–SEARCHING FOR THE VALUE APPLYING THE INDIRECT METHOD OF
INCOME CAPITALIZATION)
–THE AVERAGE OF VALUES
–LIST OF ANNEXES

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1 – Introduction
First of all It is necessary to clarify that considering the historical significance, the absolute uniqueness and
the value of the property, any economic assessment object of the following appraisal is considered inadeguate.
The task entrusted to us is to complete the rough estimation of the property, considering an overall
intervention of functional redevelopment with the ‘turn-key’ formula.
This preliminary technical assessment is the culmination of a series of investigations, analyses and processing
the collected data. These enabled us to conclude findings and results of value hereby referred to,
at the issue date of this document.
The preliminary technical assessment was conducted on the basis of the available documentation and
information received from the client, which we considered to be true.
In some cases, it was necessary to find some information or documents otherwise not being available. In
particular, the land registry records and the hypocadestral records of the complex were traced through a
computer search, and preliminary investigations were carried out in order to identify the types of intervention
that are compatible with the governing town-planning regulations.
Therefore, in this document we have also indicated - in relation to the main topics discussed - the source
documents that have led to the conclusions presented here.
The state of affairs of the property is represented by the processed planimetric data that were available to
us from information we received and from what was established during the site visit.
The owners’ intention is to carry out a redevelopment, aimed at establishing three interdependent, yet at
the same time autonomous, luxury suites, each equipped with fitness, wellness, and relaxation areas. The
three residences will be equipped with shared security services, an office and a movie-theatre for private
screenings.
The decision to carry out this redevelopment – a rather simple one, for that matter, given the current
structure of the property – was made with the aim of alienating the property, taking exclusively the foreign
demand into consideration, from the ultra-high-net-worth (uhnw) segment.
As shown by the most renowned research of the sector conducted by credit suisse (https://www.Worldwealthreport.Com),
over the last five years there has been a steady increase in this segment, putting the
increase between 2000 and 2014 at no less than +300 percent.
Obviously, one may not get the meaning of the above statements without considering the unique features
of the property, its prestigious location in the very center of the capital of italy, and especially rome itself
– being the foremost city in the world as to the presence of monumental and historical-artistic treasures,
and global center of Christianity due to the presence of the Vatican City and the Apostolic See of the Pope.
In addition, there is the ‘network’ represented by the main characters of international show-business as well
as of public or private institutions, regularly visiting this city to enjoy its features as described above. Their
presence offers a live and global advertisement of such features, and it keeps spreading - within the UHNW
segments - a potential desire to possess a jewel of this kind.
In this regard, it is also necessary to remark on some important investments that in 2014-2015-2016
(ANN.14 press review) took place in Rome by Mid-Eastern and USA-based hotel chains, as well as on the
North American commitment towards the most important soccer club in Rome (A.S. Roma).
Lastly, the ever growing appeal for products ‘made in Italy’ and the Italian way of life in the ‘luxury brand’
and ‘luxury food’ segments also played a role in strengthening this determination of the owners. In fact, this
appeal confirms that those who can afford to appreciate the use and consumption of Italian products and
services incurring high-end costs, want to experience these sensations themselves.
A proof of the above said, as well as a further confirmation of the ‘appeal’ experienced by buyers is the
comparison between the amounts of property taxes collected by the Italian tax authorities and those collected
by Anglo-Saxon countries, and in particular in the United States of America, where tax revenues on
properties of such value are at least 10 - or even 20 - times higher.

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PALAZZO ALBERTONI SPINOLA - PIAZZA CAMPITELLI, 2 - ROME
HISTORICAL NOTES ON THE EVENTS SURROUNDING THE CONSTRUCTION OF THE PALACE
AND ITS RESTORATION
A detail of the cross vault of the first mezzanine: the lion passant over the niche, the Albertoni coat-of-arms.
Prepared by:
Architect Vincenzo Berardi

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Historical-critical report
The Albertoni Spinola Palace, with an entrance in Campitelli square n. 2, is located in the 10th District
(Rione Campitelli).
The facade of the palace towards Piazza Campitelli was built between 1603 and the years immediately
following (Fig. 1), with some interventions in late 1616.
Fig. 1 – Front of the Paluzzi Albertoni Palace from an engraving by Giovan Battista Falda (ca. 1675)
(Spinola 1995, tav. I)
The work was commissioned by Marquis Baldassarre Paluzzi Albertone initially to Giacomo della Porta (ca.
1540-1602), then continued and completed by Girolamo Rainaldi (1570-1655), in an area likely to be rebuilt
between the buildings De Rossi (later Cavalletti) and Capizucchi.
The work of Della Porta involved the project and the construction of the bearing structures and the internal
partitions of the big building, in the years between 1560 and 1580 (Fig . 2).
Particularly:
A) He integrated the new construction into the ancient preexisting Palazzetto, allowing this unit to extend
and merge into the new construction without being able to recognize that you are in one side or in the other
part of the Palazzo;
B) He created and maintained a direct view of the entry of Santa Maria (which is the Campitelli Church located
in front of the Palazzo Albertoni Spinola) from the original door of the Palazzetto, despite having built
the great Palazzo in front of what preexisted building; In fact, the entrance gallery of the building forms a
diagonal connection between the square and the inner courtyard.
C) He has made possible the use of the old roof secret garden of the Palazzetto with the first floor of the
Palazzo, making this unit a unique property of its kind.

Fig. 2 Piazza Campitelli in an engraving by Giovan Battista Falda (1665) (Spinola 1995, tav. II)
In fact, in 1603 Knight Baldassarre Paluzzi Albertoni requested a permit to build the new facade, widening
the area of the existing property towards the square and aligning the new wall with the corner of the adjacent
Capizucchi palace. In 1616 he required an additional permit to construct, over the back door of his
palace and over the alley, an archway to allow passage to his “nearest neighbors” who were carrying out
further restructuring at that time (this is the archway built in the back, in the outside of the building, at the
height of the first floor).
So it is possible that the two buildings belonged to the same owner from the beginning, and then passed
from one family to another. Moreover, it is plausible that the facade was created at another time – on an
already existing renovated building – as witnessed by cartographers of the era: Cartaro, Du Peràc, and
Tempesta, whose maps indicate already existing houses in that area.
In addition, what also possibly indicates these two phases is the different alignment of the interior: it is orthogonal
to the courtyard and to the sides of the adjacent palaces, but it is off-axis with respect to the front
of the square. In fact, the entrance gallery of the building forms a diagonal connection between the square
and the inner courtyard.
The presence of the Albertoni family is recorded in Campitelli square: the family’s coat-of-arms, the lion
passant (Fig. 3) is to be found on the old fountain (1587-89) as well as in the palace, above the entrance,
over the lintels and niches along the stairs and in the frieze below the cornice of the main facade where we
see lions passant with roe deer.
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Fig. 3 – The Albertoni coat-of-arms
(Rendina 1993, p. 244)
Some of the minor palaces of the Paluzzi Albertoni family in Margana square, as well as under n. 36 of Via
de’ Delfini, were connected to the larger palace, both structurally and functionally.
The heirs of the Paluzzi Albertoni family adopted on October 21, 1671 the surname and the arms of the
Altieris together with the title of Princes by desire of Emilio Altieri (1590-1676) elevated to the Papacy in
1670 under the name of Clement X. Thus all the riches of the Altieris passed on to the descendants of the
Paluzzi Albertoni family renamed as Altieri. In fact, the Palace of Piazza Campitelli turned out to be a less
prestigious residence than the palace built by the Altieri al Gesù family which, together with the villa at the
Lateran, was to host the works of art of the family.
The Palace in Piazza Campitelli, remaining at the hands of the renewed offspring of the Altieris for more
than a century (Fig. 4), was elevated with a fourth floor on top of the attic, and was sold in 1808 approximately
by Prince Paluzzo Altieri to a famous Spanish General, Manuel Godoy y Alvares de Faria Ríos
Sánchez Zarzosa, Prince of Paz de Basano (1767-1851). Somewhat later, the building was handed over to
Cardinal Bartolomeo Pacca (1756-1844) who lived there from time to time at least from 1819. Upon Pacca’s
death, the palace of Piazza Campitelli belonged to his grandchildren for about fifty years, who rented
parts of it out to their acquaintances, including Cardinals Giacomo Piccolomini and Giacomo Antonelli.

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Fig. 4 – Piazza Campitelli on a map from 1731 (ASR, Maps and Drawings, 80, n. 239)
(Spinola 1995, tav. III, Fig. 4)
Subsequently, in 1886 the building was sold by the descendants of Pacca to Countess Carolina Portalupi
(1852-1891), who restored it, leaving it to her direct descendants, the Genoese Marquis Spinola [Maria
Antonietta Spinola was later to marry the well-known politician Mario Cingolani (1883- 1971), while Bonifacio
Spinola married his second cousin, Countess Marina Baldeschi (1895-1983)]. The restoration of the
Palace could not be postponed further since the complex was in a poor state of repair as a result of years
of neglect: the works concerned mainly parts of the courtyard, the stairs, and the interiors. Walls were
consolidated; arches, vaulted ceilings, and floors were reinforced or rebuilt; the eaves, roofs and terraces
were repaired; the stairs and the floors of the landings of the main staircase were completely renewed;
and many ceilings were renovated – especially the decorated ones – as were the upholstery of the interior
walls, with doors and windows. There are also some interventions documented in relation to a more proper
distribution of water and the renovation of the bathrooms. This period also witnessed the construction of
the new glass-covered gallery on the south-east, and probably the cant of the third floor towards Palazzo
Cavalletti. The work was substantial, but left the structure of the building unchanged.

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In the Palace there is still a small collection of six portrayed heads – one in the entrance hall past the courtyard
and the other five over the stairs – which were part of the collection of the Albertoni Paluzzi family,
collectors of ancient artwork. The Paluzzi Albertoni collection was merged in the 1600’s with the remarkable
Altieri collection, enriching the family mansion and other properties including villas on the Esquilino
and at Porta Salaria. The busts to be found today in the Albertoni Spinola palace are “two ancient marble
heads – one of a young woman and one of Antinous – mended in part; another ancient marble head – a
priest of Isis – reworked in the Renaissance era as a portrait of Publius Cornelius Scipio Africanus; two
marble portraits reconstructed during the Renaissance era – one of Julius Caesar and another probably of
Hesiod or Zeno of Elea –; and a plaster cast of the head of Julius Caesar (probably of the Pacca and not
of the Paluzzi family) taken from the statue preserved in the Senatorial Palace on the Capitoline Hill” (G.
SPINOLA 1995, p. 15) (Fig. 5, 6, 7).
Fig. 5 – Renaissance bust of Greek (Palazzo Albertoni Spinola): front view and profile
(Spinola 1995 TAV. V)
Renaissance bust of either Greek poet Hesiod or philosopher Zeno of Elea.

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Fig. 6 – Head of Antinous (Palazzo Albertoni Spinola): front view and profile
(Spinola 1995 tav. IX)
Fig. 7 – Head of a priest of Isis reworked as “Publius Scipio Africanus”
(Palazzo Albertoni Spinola): front view and profile (Spinola 1995 tav. VII)

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REFERENCES:
AMAYDEN T., 1910, Storia delle famiglie romane (History of Roman Families), Rome.
BENEDETTI S., 1995, Il ghetto di Roma. Progetto di recupero urbano e edilizio
(The Ghetto of Rome. A Project of Urban Renewal and Housing), Rome.
BENEDETTI S., 1992, I palazzi romani di Giacomo della Porta, in Roma e lo studium urbis. Spazio urbano
e cultura dal quattro al seicento (The Roman Palaces of Giacomo Della Porta in Rome and the Studium
Urbis. Urban Space and Culture From the Fourteenth to the Sixteenth Centuries), Rome.
BENOCCI C., 1981, Palazzetto Palazzi Albertoni: un interessante esempio di architettura romana minore
degli inizi del XVII secolo (The Albertoni Palaces: An Interesting Example of Lesser Roman Architecture of
the Early Seventeenth Century), in Alma Roma, September-December, pp. 37-51.
CARPANETO G., 2004, I palazzi di Roma (The Palaces of Rome), Rome, pp. 23-24.
HIBBARD H., 1967, Di alcune licenze rilasciate dai mastri di strade per opere di edificazione a Roma
(About Some Licenses Issued by Road Masters for Construction Works in Rome), 1586-’89, 1602-’34, in
Bollettino d’arte, LII, p. 109.
FASOLO F., s.d., L’opera di Hieronimo e Carlo Rainaldi (The Work of Hieronimo and Carlo Rainaldi), Rome.
FINELLI L., INSOLERA I, MARCIANO’ A.F., 1986, Il ghetto (The Ghetto), Rome.
GAVALLOTTI CAVALLERO D., 1989, I palazzi di Roma dal XIV al XX secolo (The Palaces of Rome From
the Fourteenth to the Twentieth Century), Rome.
PIETRANGELI C., 1992, Guide Rionali di Roma. Rione X Campitelli (District Guides of Rome. The Campitelli
10th District), I, Rome.
RENDINA C., 1993, I Palazzi di Roma (The Palaces of Rome), Rome, pp. 244-45.
SPINOLA G., 1995, Le sculture nel palazzo Albertoni Spinola a Roma e le collezioni Palazzi ed Altieri (The
Sculptures in the Albertoni Spinola Palace in Rome and the Palazzi and Altieri Collections), Rome.(Annex
n.2).
TIBERIA V., 1974, Giacomo della Porta, Rome.
TORSELLI G., 1965, Palazzi di Roma (Palaces of Rome), Milan.
ZANDER G., 1990, L’arte di Roma nel secolo XVI (The Art of Rome in the Sixteenth Century), Bologna.

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Recent restoration work
In 1996 we assessed the state of deterioration of the building caused by a prolonged lack of maintenance
over the years and - while after the project preparation, some conservative restoration work was carried
out. These mainly concerned:
– Controlling the disposal of rainwater by replacing eaves gutters and drainpipes;
– Controlling the maintenance conditions of the roof, replacing broken tiles and supplying the missing ones;
– Structural fortification of balconies and galleries;
– Verifying the stability of the decorative elements of the cornice and replacement of the protecting slate
elements in the upper part of the facade;
– Centralization of the water, gas, and electricity systems with the removal of pipelines and appliances in
disuse;
– Updating of the electrical system of the condominium according to current standards;
– Removal of the asphalt paving of the courtyard of the hallway and recovery of the cobblestone pavement
below;
– Conservative restoration of internal facades paying attention also to the Western facade;
– Cleaning the travertine door-posts of the entrance;
– Conservative restoration of the exterior facade;
– Restoration of the main staircase with the upgrading of the related facilities.
(Technical report entitled Situazione di rischio e priorità emerse dalle analisi effettuate. Proposta di massima
degli interventi di restauro conservativo / Risk and Priorities Assessment resulting from the analyses.
Tentative proposal for a conservative restoration, Engineer G. Carluccio, Architect A. Cerroti, Architect C.
Tantillo, May 2006.Annex 1)

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Before and after the works: comparing photos of the state of the building
General view of the facade as seen from Piazza Campitelli before the works
(photo: Cerroti, May 2006)
Detail of the facade as seen from Piazza Campitelli after completing the restoration works
(June 2012)

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General view of the courtyard before the completing the restoration works
(photo Cerroti May 2006)
Partial view from the courtyard after the works (June 2012)

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Left: a view from Piazza Capizucchi before the works (photo: Cerroti, May 2006).
Right: a view from Piazza Capizucchi after the works (June 2012).

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A view from Piazza Capizucchi, a detail of the facade before the works (photo: Cerroti, May 2006)
A view from Piazza Capizucchi, a detail of the facade after the works (June 2012)
A view from Piazza Capizucchi, a detail of the facade before the works (photo: Cerroti, May 2006)
A view from Piazza Capizucchi, a detail of the facade after the works (June 2012)

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Left: main staircase, a detail before the works (photo: Cerroti, May 2006)
Right: main staircase, a detail after the works (June 2012)
Left: main staircase, a detail before the works (photo: Cerroti, May 2006)
Right: main staircase, a detail after the works (June 2012)

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Gallery entrance to the courtyard, the left wall before the works
(photo: Cerroti, May 2006)
Gallery entrance to the courtyard, the left wall after the works (June 2012)

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3-GENERAL OVERVIEW OF THE UNITS OF REAL ESTATE PROPERTY, SUBJECT TO AS-
SESSMENT
In addiction to the point 2 firstly, one needs to set forth an overall description of the individual units
of real estate property in order to understand the interdependence - and at the same time the autonomy
- between them.
The three residential units occupy the entire ‘Palazzetto’ as well as the entire second mezzanine
floor of the great ‘Palazzo.’
They are connected but still independent, and they may be accessed either through the main monumental
staircase or through other independent entrances from Capizucchi alley, from Capizucchi
square, or from the entrance hall of the Palace through the spiral staircase that starts right in entrance
hall and leads up to the rooftop of the Palace.
This staircase separates two of the three above mentioned apartments, having direct access to it.
The ground floors of the building with an entry point on the left after the main entrance - and thus
accessible from the entrance hall - could also be reached from the same spiral staircase mentioned
above, if they were given access by simply opening a door.
The rooms on the ground floor of the ‘Palazzetto’ are also contiguous with the apartment on the
ground floor which has a garden, and therefore this apartment could also be accessed by simply
opening a door.
This way one could see a real estate property that is absolutely unique in its kind: not only with of
garden in the center of Rome, but also with a rooftop and adjoining attic rooms with view on the
city of Rome.
The owner - thanks to the options determined by the multiplicity of access points - can decide
which adaptations and uses are more suited to his needs at any time: whether to establish connections
within the whole property or to keep it divided.
In fact, the urban and land registry status would allow for the identification of thirteen totally autonomous
real estate units.
The whole ‘Albertoni Spinola’ Palace - with all internal and external decorations - represents historic
and artistic value attested by a decree of the Ministry of Culture. (Annex n. 3)

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4-MARGINAL NOTES
a) The following criteria were applied for the measurement of the areas of the property:
UNI 10750 standard on Real Estate Services. Requirements of Service.
4.4 Criteria for property appraisal
The UNI 10750 standard contains the following criteria for calculating “the surface of commercial
areas”. For further information we suggest considering to purchase the documentation of UNI
standards.
Calculating the surface of the commercial area, depending on whether the real estate it is intended
for residential use or for commercial use (offices, industrial or touristic use) the following should
be considered:
– the sum of passable covered areas including the surfaces occupied by interior and perimeter
walls;
– the weighted averages on surfaces for the exclusive use of terraces, balconies, patios and
gardens;
– the weighted surfaces of appliances (basements, indoor and outdoor car parking areas, boxes,
etc.).
The calculation of the covered surfaces must be based on the following criteria:
a) 100% of the passable surfaces;
b) 100% of the areas within internal non-bearing walls providing separation;
c) 50% of the areas within internal bearing walls and perimeter walls.
In the case of detached and / or single-family buildings, the percentage of point c) should be considered
as 100%. The calculation of the areas referred to in point c) shall not, however, exceed
10% of the sum referred to in points a) and b).
For the calculation of uncovered surfaces, the following weighting criteria are to be used:
25% of uncovered balconies and terraces;
35% of covered balconies and terraces (by covered we mean closed on three sides);
35% of patios and porches;
60% of verandas;
15% of apartment gardens;
10% of villa and cottage gardens.
The indicated percentages may vary according to the particular location of the real estate property,
and to its external surfaces which may be roughly at the same level as the overall external surfaces,
and which may never exceed 30% of the covered surfaces - except for all those incremental
or decreasing factors that characterize their particular level of environmental quality.
b) The maps of the land registry constitute the points of reference when describing the real estate
property units.

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5-DESCRIPTION OF EACH REAL ESTATE PROPERTY NUMBERED CONVENTIONALLY IN
THE FOLLOWING SECTION OF THE REPORT AS CADASTRAL SUBORDINATES (hereinafter
referred to as ‘SUB’) #1–13 IN ACCORDANCE WITH THE FLOOR PLANS AVAILABLE AT THE
LAND REGISTRY (ANNEX 4 )
PLEASE NOTE THAT THE PROPERTIES HAVE N.4 CAR PARKING AREAS AT THE ENTRANCE
HALL OF THE PALACE
SUB #1 (today GARDEN APARTMENT)’’FOGLIO 492 PART.25-29-29’’
An apartment on the first floor of the ‘Palazzetto’ with entrances on the first floor of the monumental
scale of the ‘Palazzo’ and a separate entrance from Capizucchi alley.
The apartment extends over three floors connected by a circular staircase located between the
dining room and a bedroom on the first floor.
The first floor consists of an entrance hall, three living rooms, a dining room, three bedrooms,
three bathrooms and a hallway.
The garden is accessed from the living room with a central fireplace, which is covered – on its
outer part – by pinewood.
The garden is rectangular in shape and extends over a total of 177.65 m2.
Downstairs there are the premises for the kitchen, a working room, a utility bedroom, a pantry and
a closet. Finally, there is a cellar on the ground floor with the boiler room, a small bathroom and
another utility room. In total, there are 351.77 m2 of covered commercial areas of which 234.34 is
on the first floor, while 44.19 and 73.22 is on the middle floor and on the ground floor, respectively.
The ceilings of the entrance are made of walnut wood, painted in light green and cream colors.
The ceiling of the passage room between the ‘Palazzo’ and the ‘Palazzetto’ is decorated with
simple relief patterns. The ceilings of the living rooms and the large bedroom with windows overlooking
Capizucchi square are made of walnut and maple with cornices adorned with embossed
inlay imitations of roses and golden coats-of-arms.
The hallway, on the other hand, has a false ceiling, which hides a decoration similar to the one
present in the passage room, referred to above.
The floors of all rooms - except for the bathrooms on the first floor - are made of wide planks of
light wood parquet.
All doors of the rooms are made of light wood - dating back to the late 1800’s - featuring nine
original doors.
The condition of the small bathroom of the third bedroom does not adequately reflect the recent
renovations.
All windows have inner sash windows with glass panels.

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The apartment is heated with a gas boiler, with radiators installed in the 90’s.
It is to be highlighted that a staircase leads from the second bedroom to the apartment of the
‘Palazzetto’ above, its features we will describe later (SUB #4).
Major renovations were carried out in this real estate in the years 1961–1963, and most recently
in 2010.
The two main bathrooms were restructured while the ceiling of the passage room as well as the
decorations of the fireplace were restored.
The garden has undergone a complete redevelopment process too.
The electrical and plumbing systems have been brought into compliance with governing control
measures.
SUB #2(today OFFICE)’’FOGLIO 492 PART.25 , S. 503’’
Premises on the ground floor of the ‘Palazzetto’ with entrance from Capizucchi alley n. 12.
This apartment is currently intended for office use, and it extends over a commercial area of 43.71
m2.
It includes a bathroom, it has travertine floor, and has recently undergone some restructuring.
The ceiling is 5.2 m high.
This apartment is adjacent to the premises of the ground floor, the apartment with the garden, as
well as SUB #3 that is described as follows.
SUB #3(today WHAREHOUSE)’’SCHEDA N.8872520’’
Premises on the ground floor of the ‘Palazzetto’ with entrance from Capizucchi alley n. 13.
This apartment is currently used as storage space, and it has been recently renovated. It has
travertine floor.
This apartment extends over a commercial area of 42.3 m2, and is contiguous to the premises
already described as SUB #2.

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SUB #4(today LARGE APARTMENT AT SECOND FLOOR)’’FOGLIO 492, PART. 25 , S. 502’’
An apartment on the second floor of the ‘Palazzetto’ and the first mezzanine floor of the Palazzo,
with access from the monumental staircase and the spiral staircase that starts in the entrance hall
of the ‘Palazzo’.
The property extends over a commercial area of 325.75 m2 and 70 m2 of terraces: the terrace
above the master bedroom covers 41.9 m2, while the other one over the property referred to as
SUB #1, covers 28.05 m2.
This apartment is divided into three parts: the first one was originally intended as an entry hall, the
second one as a bedroom, and the third one as a kitchen, a dining area and as the premises for
servants, which is accessed through a gallery.
The apartment is accessed through a door in the middle of the fifth flight of the monumental staircase
and consists of an entrance hall, a lounge, a dining room and a study, completed by a bathroom
and another smaller toilet.
From the entrance, three steps to the left lead to the sleeping area preceded by a hallway that
connects the ‘Palazzo’ with the ‘Palazzetto’. This hallway has windows overlooking both Capizucchi
square and Delfini street.
The sleeping area is thus composed of the master bedroom, two other bedrooms and another
bathroom.
A wooden staircase leads from the master bedroom to the terrace overlooking the urban area of
the building, with the Altar of the Fatherland and the Capitol. From the bedrooms in this area one
has access to a terrace which corresponds to the ceiling of the apartment presented in SUB #1.
One gains access, to the right of the above mentioned main entrance, through another hallway, to
a bright gallery with iron cover and opaque glass which leads to the service area.
This area consists of a dining-ironing area, a large kitchen, and a room for servants with its own
bathroom.
From the dining room - through a door - one has access to the spiral staircase that starts in the
entrance hall of the ‘Palazzo’, and leads to the terrace with the adjoining attic which we will describe
as SUB #6.
The ceilings of the representative rooms are coffered in a simple manner, without the usual painted
decorations with light green and cream colors.
The floors are made of nailed oak parquet laid in a herringbone pattern.
The coffered doors are painted with the same light green and cream colors. They go back to the
restructuring in the late 1800’s, and are typical of the era.
The electrical and plumbing systems were fully implemented during the latest restoration, in
2002–2004.
The three main bathrooms are covered in travertine whereas earthenware floor tiles were laid in
both the bathroom for the servants and the small toilet with a sink feature majolica tiles.
The gallery has an antique red brick floor while the dining room, the kitchen, and the room for the
servants have recently laid ceramic floor tiles.
As already indicated in this description, the total renovation of the property took place in 2002–
2004, and was supervised by the architect Berardi.
It is worth noting that one can not access real estate SUB #1 from this area because the bathroom
of the master bedroom gets in the way.

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SUB #5(today SMALL APARTMENT AT SECOND FLOOR)’’FOGLIO 492, PART.29, S. 513’’
An apartment on the mezzanine floor of the ‘Palazzo’ with an entrance from the second floor of
the monumental staircase and from the spiral staircase that starts in the ‘Palazzo’s’ entrance hall.
The property extends over a commercial area of 159.79 m2.
One can access these premises from the second floor landing of the monumental staircase of the
building, and one gets immediately to the gallery built with sheet brick wall and supported by six
brackets of masonry.
On the right side of the entrance there is a closet room, currently used as a kitchen.
Walking the nine meters of the gallery one gets to a hallway that ends in three stair steps; these
lead to a living room with a window overlooking Piazza Campitelli. Immediately on the left, there
is a door that leads to a first bedroom.
Also on the left of the steps just mentioned, there is a passage that leads to a first bathroom and
another door leading to the second bedroom. There is then a second bath which belongs to the
latter bedroom.
Another hallway leads to the spiral staircase that starts from the Palazzo’s entrance hall.
The two bedrooms, as well as the living room have windows overlooking Piazza Campitelli.
The property was recently renovated in 2013. The two bathrooms are covered with travertine; the
floors of the living room and the bedrooms are covered with floor tiles while the coffered ceilings
are painted in white. The doors are also white and go back to the aforementioned restructuring of
the late 1800’s.
It has to be noted that in the living room, once one goes down three steps, there is a visible iron
beam supporting the ceiling of the building, installed during the renovation work, mentioned before.
The owners decided to adopt this original, aesthetic solution.
SUB#6(today ROOFTOP TERRACE,LITTLE CHAPEL,S. STAIRCASE)
‘’FOGLIO 492, PART.29, S. 507’’
A terrace with an attic on the same level, placed at the front of the ‘Palazzo’, and accessed from
a spiral staircase that starts in the entrance hall, with three doors of which two entrances to the
premises indicated as SUB #4 and SUB #5, as well as an additional third door leading to a small
frescoed chapel.
This real estate unit consists of a spiral staircase that leads from the entrance hall to the terrace
overlooking Campitelli square, and also provides access to units SUB #4 and SUB #5.
The terrace and the adjoining attic are part of the front structure of the ‘Palazzo.’ These can be
accessed from the spiral staircase and extend over a total commercial area of 102.3 m2 and 86.88
m2, respectively.
The attic has recently undergone some restructuring and consolidation. It has a bathroom with a
shower as well as an American-style kitchen.
The floor consists of rustic wooden parquet, while the terrace has been completely repaved.
As described above, the spiral staircase leads to a small oratory chapel that has undergone recent
restoration works.

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SUB #7(today OFFICE)’’FOGLIO 492, PART.29, S.2’’
A unit on the ground floor of the property under n. 1, with two entry points from the entrance hall
of the ‘Palazzo,’ adjoining the above mentioned spiral staircase.
This real estate unit extends over a commercial surface of 123 m2, and it consists of four rooms
as well as a bathroom with a closet.
The first and the second door to the left from the entrance hall provide access to the first two
rooms of this real estate unit.
One can also access - from the second door of the hallway, through a spare room - some marble
steps with a wooden balustrade that, in turn, provide access to a bathroom with a shower belonging
to these premises.
On the right of the marble steps, there is a door which is currently closed, through which one could
have direct access from these premises to the said spiral staircase.
The two main rooms have Venetian-style terrazzo floors with recently restored colorful bands and
cornices.
The ceilings are decorated with stucco ornaments and painted in chiaroscuro.
A fresco was hidden underneath the ceilings and revealed during restoration. When it was discovered,
the superintendent of the cultural heritage at Rome requested that it remain uncovered.
The doors of the two entry points are made of Norway spruce with copal designs while the interior
doors are painted in a dark color and equipped with locks and metal door handles.
The windows of the facade have glass panels and inner sash windows of Norway spruce.
The restoration of this property required some strong artistic and architectural commitment and
was completed only in 2012.
The electrical installations of heating and cooling are newer and in good condition.
SUB #8(today OFFICE)’’FOGLIO 492, PART.29, S.508’’
A property unit with a loft and with a large entrance from the hall of the ‘Palazzo,’ adjacent to the
premises presented as SUB #7.
This unit, extending over a commercial area of 61 m2, was assigned to be used as an office. Half
of its surface is lofted, making the unit 4.50 m and 2.6 m high, respectively.
The unit has no windows, yet it gets light through the large entrance door made totally of glass that
allows for a complete illumination.
This unit is also equipped with facilities found past the entrance, on the right.
The floor is made of faux wood.
It was also recently restored, including its utilities.
SUB # 9(today SMALL OFFICE)’’FOGLIO 492, PART.29, S.510’’
A frescoed ground floor unit with a single entry point from the entrance hall of the building.
This unit extends over a commercial area of 32 m2, and was assigned to be used as an office. It
consists of a single room with a recently restored fresco at the center of the ceiling, it has travertine
floors and its walls are equipped with a sink, now dismantled, but still with regular authorization
obtained in 2012. The height of the ceiling is 3.70 m.

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SUB # 10(today OFFICE) ’’FOGLIO 492, PART.29, S.512’’
A unit on the ground floor of the property with two entry points from the entrance hall of the ‘Palazzo’,
and with a basement.
As one enters the ‘Palazzo’, it is the third and fourth doorways on the right that give access to this
property. It consists of a first unit that takes light from the alley at the back of the ‘Palazzo’, which
is the private property of Sigma-Tau, an Italian pharmaceutical company.
From this unit one has access to three other rooms that are lit only by a French door opening onto
the same alley.
This property extends over a commercial area of 92 m2 excluding the basement which is accessed
via a steep staircase that is located in the entrance hall.
The underground consists of three rooms and a bathroom.
The floor of the ground floor is made of faux wood.
The vaulted ceiling is 5.20 m high in the first unit, and 4 m in all the other premises.
The electrical, plumbing and heating systems have been recently renovated.
SUB # 11(today OFFICE)’’FOGLIO 492, PART.29, S.508’’
A ground floor unit of the property with entry points from Capizucchi square and from the entrance
hall of the ‘Palazzo’.
This large unit extends over a commercial area of 114 m2, and it consists of a central space connected
to the services, which are doubled by means of a staircase and a loft of a second bathroom.
The entrance from Capizucchi square allows the use of this property independently from the doorway
and the entrance hall of the ‘Palazzo’ itself.
The height of the large room is 5.25 m.
It has marble floors, vaulted ceilings, and its outside door is rather large.
In the future, one might even want to bring a car through the front doorway if it is deemed necessary.
However, this unit, as of this day, is an elegant office restored in 2013.
SUB # 12(today STORAGE) THERE IS NOT CADASTRAL FLOOR PLAN AVAILABLE
A storage unit pertaining to the ‘Palazzo’, with an entrance from Capizucchi alley.
This small unit, with a small fresco inside, extends over a commercial area of 12 m2, and is used
today as a warehouse.
The entrance leads to Capizucchi alley and is part of the great ‘Palazzo’.

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SUB # 13 (today STORAGE)’’FOGLIO 492, PART.29, S.506’’
A storage unit on the ground floor of the ‘Palazzo’ with an entrance from the inside doorway of the
‘Palazzo.’
This small storage unit consists of two floors, each extending over a commercial area of about 12
m2, and is used today as a warehouse.
It belongs to the inner structure of the ‘Palazzo’.
SUMMARY
VALUABLE COMMERCIAL AREA IN SQUARE METERS:................................................ 1309
COMMERCIAL WAREHOUSE SURFACE IN SQUARE METERS:................................... 36
SURFACE OF GARDENS:................................................................................................. 177,65
SURFACE OF TERRACES WITH VIEW:........................................................................... 172,86
CAR PARKING AREAS AT THE ENTRANCE HALL OF ‘’THE PALAZZO’’:....................... 4
Certification and cadastral floor plans
The cadastral status of all units appear to have been recently updated and are compliant with the
current state of affairs (ANNEX 4).
Compliance certification of utility systems
The appropriate certification has been obtained for all housing units (ANNEX 5).
Documentation on compliance with town-planning regulations
The works carried out on all the buildings were in conformity with the authorizations received from
the competent bodies of the Ministry of Culture and the Council of the City of Rome (ANNEX 6).
Other permissions for conducting various activities
The property referred to as SUB #5 received authorization to perform touristic activities (in line
with Regional regulation of October 24, 2008, n. 16 BUR; and of November 7, 2008, n. 41, S/130,
“Directives for accommodation facilities,” see ANNEX 7).
Documentation certifying the origin of the property
As evidenced by the attached proceedings, the full ownership is legitimately represented by
Filippo Bartolotta Cingolani for the properties referred to as SUBS #1, 2, 3, 4, 7, 8, 9, 10, 11, and
12; as well as by
Margherita Montefusco for SUBS #5, 6, and 13 (ANNEX 8).
Building regulations and tables
The new regulations on condos have been recently altered and enhanced by the addition updated
millesimal tables (ANNEX 9).

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Dossier of the conditions of the building prior to the renovations
During the renovation of the building, a dossier was drawn up, highlighting the structural and infrastructural
shortcomings to be urgently rectified (ANNEX 10).
Floor plans and maps of the entire property
During the renovation of the entire building new maps and floor plans were issued that minutely
reflect the property in its entirety (ANNEX 11).
Photographic documentation (ANNEX 12).
6- DESCRIPTION OF REDEVELOPMENT
Total amount: Euro 2 MM. All redevelopment included, considering the detailed design and construction
supervision. (ANNEX 13)
The intervention involves the construction of three luxury suites, following criteria of high-end
finish. The luxury suites are equipped with fitness and wellness facilities, and public areas that
include: private security, private business office, and a theater with a projection room.
GARDEN SUITE
The Garden Suites is developed on three floors, featuring Sub 1, Sub 2 and Sub 3. The ground
floor of the Garden Suite are going to became private gym and wellness directly connected with
the apartment at the first floor of the Garden Suite, through a spiral staircase. Between the ground
and the first, there is an intermediate/mezzanine floor.
The ground floor of the apartment sub.1 will be connected with sub.2 and that connected with
sub.3. Sub.2 and sub.3, today contiguous, will be made communicating through the opening of a
simple door.
AMBASSADOR SUITE AND EXECUTIVE SUITE
The Ambassador and the Executive Suites are located at the second/mezzanine floor of the Palazzetto,
at the Sub 4 and Sub 5, respectively.
These areas will be connected to sub.6, spiral staircase, simply restoring the functionality of an
existing door, The connection with Sub.7 will take place by restoring an old existing door, while the
connection with Sub.8 will take place opening a new door.
In this way, the Ambassador and Executive Suites will have a big fitness and wellness area that
can be stunning and fascinating because original frescos and ceiling with vaults. The same spiral
staircase, equipped with motorized seat, will also connect the two suites to a little chapel and the
stunning rooftop terrace, Sub. 6.

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COMMON AREAS
Common areas feature Sub 9, Sub 10 and Sub 11 respectively as a Management Office, the Private
Entrance from p.za Capizucchi and the Theater; at the ground floor of the Palazzetto.
The Office, Sub.9, consists of a single room with a recently restored fresco at the center of the
ceiling, it has travertine floors and its walls are equipped with a sink, now dismantle. It will be necessary
to install the heating and air conditioning system.
The Private Theater, Sub.10, consists in a specious unit of three rooms and a bathroom. The floor
of the ground floor is made of faux wood. The electrical, plumbing and heating systems have been
recently renovated. Install a cutting-edge movie projector, a security system, refurbishment of the
bathroom in the basement, and other adjustments.
The Private Entrance. Sub.11, the entrance from Capizucchi square allows using it independently,
becoming a private and securing entry for the guests. It needs to be equipped.
CONCLUSION:
Implementation of security and home automation systems for all premises, according to the latest
technological standards. As well as the development of a sophisticated “landscape” and a botanical
and architectural intervention at the garden of the first floor and the rooftop terrace.
7 – ADDITIONAL REMARKS ON THE LOCATION OF THE REAL ESTATE PROPERTY
The property in question is located in Rome, in the historic Rione Campitelli, the tenth district, between
Via dei Fori Imperiali, Via di San Gregorio, Via dei Cerchi, Via San Teodoro and the stretch
of streets and squares near the Theatre of Marcellus. The small size of the area and, above all, its
richness in prominent archaeological sites and museums make it the least populous district of the
City: with very few residential buildings and less than one thousand residents.
The coat of arms of the District bears a black head of a dragon against a white background: it goes
back to the medieval legend of an evil monster which in the fourth century was threatening to the
Roman Forum until it was driven out through the intervention of Pope Sylvester I, also renowned,
by tradition, to be an exorcist. There are conflicting opinions about the origin of the name of the
district, ‘Campitelli’: some say it derives from Capitolium, the highest of the seven hills, on top of
which stood the most important ancient Roman temple dedicated to the worship of the triad of
Jupiter, Juno and Minerva. Another opinion attributes the etymology to the Latin name Campus
Telluris (‘dirt field’), in consideration of the fact that the name ‘Campitelli’ is also found in other cities.
Before the founding of Rome, until the ninth century BC, the area was only a marshy valley:
only later, when some tribes settled on the surrounding hills, did the area begin to function as a
meeting place for commercial purposes. Then, it became the throbbing heart of the public life of
the ancient agglomeration.

The very name ‘Foro’ probably comes from archaic Latin ‘Foras’, meaning “outside, away from
home”, indicating the neutral character that the place had for strangers who came here merely to
visit the marketplace here. During the Middle Ages and the Renaissance, ruined Ancient sculptures
and religious buildings remained submerged underneath the debris, and thus the area remained,
until the nineteenth century, devoted to the sale of livestock, taking the name of Campo
Vaccino.
In 1921, a part of the original area of the Campitelli was detached to form the newly constructed
Celio district. Nonetheless, since it contains the Capitol, the Palatine Hill and the Roman Forum,
it has certainly preserved its greatest touristic importance among the districts of the capital city.
Moreover, it can be said that up to Vittorio Emanuele II, Rione Campitelli was consecrated by
tradition to the Founding Fathers: just think of Romulus on the Palatine, Camillus on the Capitol,
the emperors in the Forum, and Cola di Rienzo. Moreover, one could also evoke the legendary
memories of the patron saints of Rome, all connected to this district: Saints Peter and Paul, Santa
Francesca Romana, San Sebastian, and St. Michael the Archangel. The remaining one of the
seven hills included in Campitelli, the Palatine, and it is indeed the soul of the oldest trades and
settlements that led to the founding of the city. Unlike the Capitol, the Palatine is not adjacent to
the Tiber: with its maximum height of 51 meters above sea level, it is located between the Roman
Forum and the Circus Maximus, and welcomes visitors as an authentic open-air museum. Walking
along the Via Sacra that starts near the Arch of Constantine is a unique experience every single
time. But the essence of the city, the center of prominent political life, trade and rites, as well as religious
practices was the Forum, which we now call the ‘Roman’ Forum but at the time was known
as Forum Magnum.
The Piazza del Campidoglio is still considered - just like it was two millennia ago - the geographical
center of Rome, the reference point to count all road distances with respect to the city. One goes
up there from Piazza Ara Coeli, via a staircase designed by Michelangelo in the mid-sixteenth
century: the square is surrounded by a number of buildings of great historical and institutional
prestige. The square itself was built following the design of Michelangelo, in terms of both its layout
and the geometric pattern of the pavement. Moreover, the current structure of the Capitol is the
result of a complex series of projects, constructions, conversions and renovations that took place
between the fifteenth and the seventeenth centuries. On the northern side of the hill - impressive
in its dazzling whiteness - emerges the Vittoriano, built between 1885 and 1911, and dedicated to
Vittorio Emanuele II and the unification of Italy in 1870. Designed after the First World War also as
a military memorial and home to the Tomb of the Unknown Soldier, it receives constant attention
from tourists, and indeed precisely for this reason, nowadays it has been the target of heated criticism:
since its visual impact is too massive and aggressive compared to the Antique monuments
behind it, some have labeled it with allusive nicknames like ‘the typewriter’, ‘the wedding cake’, or
‘the inkpot’. A few years ago some even came up with the idea to demolish it; but the outcome of
the controversial debates arising was to finally accept the bulky monument as an entity adopted
on its own right into the urban landscape of the capital.
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However, the real architectural distortion in that area was due to the opening of the Via dei Fori
Imperiali - in the beginning called Via dell’Impero - according to the fascist project of modernizing
monuments and celebrations. It was inaugurated in 1932 by erasing entire historic streets, demolishing
church buildings, gutting hills and pulling down old structures and statues of the Roman
republican and imperial age. So what was built in the early days of the city, and what was designed
and built in recent times, coexist in Campitelli more than in any other location in Rome. It took ten
months’ work to change all of the features of the area: the new large gap emerged between Piazza
Venezia and the Colosseum – beyond any possible ideological consideration – presented itself
from the start, on the aesthetic, functional, urban levels, as the most visible symbol of the eternal
conflict that seems to caress the soul of those who live or pass through the walls of the City. That
intermittent and arcane dilemma, which is ultimately impossible to solve, inextricable, and for this
reason darkly fascinating; that doubtful hesitation between the admiration of the ancient and the
need for modernization – that dilemma lingers and spreads in Rome in a unique way within the
whole world. And that is not a limit, but rather a continuous source of new vitality – like the needle
of an imaginary compass of time, vibrating between the remains of the early days, the recent
echoes of the day before yesterday, and the deafening calls of today.
8 – SUMMARY OF SURFACES
VALUABLE COMMERCIAL SURFACE IN SQUARE METERS 1309
COMMERCIAL STORAGE SURFACE IN SQUARE METERS 36
SURFACE OF GARDENS 177,65
SURFACE OF TERRACES WITH VIEW 172,86
CAR PARKING AREAS AT THE ENTRANCE HALL OF THE ‘PALAZZO’ 4
9 - A SEARCH FOR THE EVALUATION CRITERIA
According to a general definition, “evaluation is the discipline that aims to provide the methodological
tools for the assessment of those assets that can not be assessed in an unambiguous fashion”
(“Estimo. Teoria, procedure di valutazione e casi applicativi” / “Appraisal. Theory, assessment and
case studies”, Grillenzoni Maurizio, Grittani Giovanni – Calderini – 1994).
For the proper preparation of an estimate, it is necessary to establish, in the first place, the principle
of ‘objective assessment’ whose absence will inevitably make the estimate depart from market
realities – which, in fact, is a substantial and determining feature when seeking to ascertain a
value.
In the present case, the purpose of the estimative report is to identify “the most probable maximum
market value” to be allocated to the building, taking into consideration the optimum conditions resulting
from a radical functional redevelopment as described in the previous chapter.
Having said that, we have been focusing - as per our mandate - on establishing the Market Value
applying the processes of direct and indirect estimates.

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10 – A SEARCH FOR THE EVALUATION PARAMETERS FOR DIRECT PROCEDURE
As Prof. Famularo stated as early as in 1942, as to the general principles of estimation: “from the
logical point of view there is only one method to estimate the value of all goods, and that is the
recognition that the given goods belong to a class of similar goods of a known price, based on a
parameter which is common to all those goods” (Famularo, “Ancora sul concetto di dipendenza
del valore dallo scopo della stima” / “Still on the concept of dependence of the value on the purpose
of the estimation”, in Riv. Cadastre and SS.TT. EE., n. 2, 1942).
These claims were, in principle, reformulated and shared by Prof. Marcello Orefice, who wrote:
“Therefore, any estimative operation consists of the synthetic comparison between the goods being
assessed and one or more groups of functionally similar goods, for which we have historical
data about the prices that have already been applied in exchange operations.” (Orefice, Estimo /
Appraisal, Utet, 1984).
The retrieval of objective historical data to use for a comparison, can sometimes be tricky due to
the constant habit of the persons involved in economics to reduce (often for taxation purposes)
the actually agreed upon prices, although this phenomenon is declining as a result of the 2006
Budget (Act 266 of December 23, 2005, Art. 1, par. 497) that introduced the requirement of the
declaration of the ‘real’ value of the transaction, supported with the documentary evidence and
verifying means of payment.
In the estimative practice though, a search for sales offers in the so-called ‘homogeneous area’
still remains a good reference point; which, in case of scarcity of data, may also extend to similar
areas; so that one may actually ‘assimilate’ the examined reality into the potential ‘price’ to offer in
the course of free bargaining.
As is known, the offer does not always match the demand in the market and, in any case, the
“time” factor is inversely proportional to the entity of the offer. In fact, the more time passes by
after some goods are launched onto the market, the more the financial claims of the tendering
party decrease. In our case, since the area is of absolute value, the time factor has a very limited
impact on the offer, given that prestigious economic goods remain unaffected by the usual market
crises and, in contrast, experience even greater demand in periods like the present one, in which
investors are looking for solid bases precisely in the property sector.
For these reasons, in order to identify the parameter of estimation, we will refer to properties
placed on the market in the area (or the wider area) for the same (or even different) purposes of
use, by applying - whenever applicable - “correction coefficients”, by reason of possible major and
minor advantages of the goods we are comparing with the one being assessed.

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In the course of our research we identified the following properties offered for sale:
1. Villino Giulia
Villa at Piazza di Spagna Advertised by Christies Real Estate
Surface:
Interior:
Garden:
Cellar:
Asking Price:
Price/m2:
Price/sq ft:
7.911 sq ft/735 m2
3.444 sq ft/320 m2
1.937 sq ft/180 m2
25.000.000 Euro
20.226 Euro/m2
1.881 Euro/sq ft
2. Luxury Penthouse in the Heart of Rome
Penthouse over Piazza Venezia Advertised by Christies Real Estate
Surface:
Asking Price:
Price/m2:
Price/sq ft:
5.220 sq ft/485 m2
15.000.000 Euro
30.927 Euro/m2
2.873 Euro/sq ft
3. Apartment in Via dei Condotti
Advertised by Christies Real Estate
Surface:
Asking Price:
Price/m2:
Price/sq ft:
3659 sq ft/340 m2
7.000.000 Euro
20.588 Euro/m2
1.913 Euro/sq ft
4. Apartment in Ludovisi
Advertised by Sotheby’s International Realty
Surface interior:
Terraces (100% of the value)
Asking Price:
Price/m2:
Price/sq ft:
5.489 sq ft/510 m2
2.325 sq ft /216 m2
20.000.000 Euro
27.548 Euro/m2
2.559 Euro/sq ft

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Considering these four units of real estate property, one may conclude that our parameter is
25,993 Euros per square meter.
However, one should not overlook the fact that the measurements of these units of property are
certainly not as rigorous as the measurements adopted for the present report of assessment. One
may notice, in fact, that in most cases cellars or terraced surfaces are included in full to the square
meter values.
11 – A VERIFICATION OF THE NOMISMA OBSERVATORY ON ‘’EXCLUSIVE RESIDENCES
IN ROME’’
Since 2003, Nomisma has been publishing a monitoring report on the most exclusive segments of
the residential market. The Observatory of Exclusive Residences - a rather unique publication in
Italy of its kind – is published twice a year, and is intended to provide an economic outlook and a
perspective on the quantities, values, trends and the opinions expressed by professionals of Nomisma
Tirelli & Partners regarding a segment that presents characteristics and trends being very
different from the rest of the residential market.
The Observatory is published in late February and in late September at a press conference to
which the major Italian newspapers are invited.
You can download all issues of the Observer published to date, by clicking on “Download” on the site:
http://www.tirelliandpartners.com/showPage.php?template=download&search=Categoria2

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Price requests (1) for valuable housing ProPerties in rome - first half of 2014
Urban
Areas
Min. Average
Price for m2 (2)
€/m2
Change
during the
first half in %
Max. Average
Price for m2 (3)
Average
Price for m2 (4)
Highest
Price (5)
Average
Total
Price (6)
Max.
Total
Price (7)
Change
Change
€/m2
during the
€/m2
during the
€/m2 €/m2 €/m2
first half in %
first half in %
Historical 7.042 -6,7% 13.789 -4,7% 10.303 -5,9% 25.833 2.507.556 31.000.000
Center
Pinciano 7.440 -3,7% 10.208 9,9% 8.909 5,1% 16.667 2.140.909 5.000.000
Veneto
Parioli 6.214 -8,0% 11.271 -2,5% 8.518 -5,4% 16.364 2.546.304 9.000.000
Salario Trieste
Prati 6.875 2,6% 10.522 -6,2% 8.551 -3,4% 12.857 1.840.769 4.500.000
Vigna Clara 5.817 3,8% 9.365 -7,4% 7.284 -2,5% 10.000 1.983.333 6.500.000
Camilluccia
Average 6.678 -2,8% 11.031 -2,6% 8.713 -2,7% 16.344 2.203.774 11.200.000
Price requests (1) for valuable housing ProPerties in rome - first half of 2015
Urban
Areas
Min. Average
Price for m2 (2)
€/m2
Change
during the
first half in %
Max. Average
Price for m2 (3)
Average
Price for m2 (4)
Highest
Price (5)
Average
Total
Price (6)
Max.
Total
Price (7)
Change
Change
€/m2
during the
€/m2
during the
€/m2 €/m2 €/m2
first half in %
first half in %
Historical 6.907 -6,8% 12.760 -7,4% 9.657 -0,6% 21.667 2.423.333 18.000.000
Center
Pinciano 6.937 -2,5% 11.025 3,5% 8.846 -0,7% 16.667 2.150.000 11.000.000
Veneto
Parioli 5.535 -2,8% 10.804 -3,7% 7.894 -3,1% 16.444 2.348.421 7.800.000
Salario Trieste
Prati 6.459 0,3% 10.643 -0,1% 8.151 -0,2% 12.857 1.752.941 4.500.000
Vigna Clara 5.184 2,3% 8.532 -1,9% 6.616 1,0% 10.000 1.787.222 6.500.000
Camilluccia
Average 6.204 0,6% 10.753 -2,3% 8.233 -0,8% 15.127 2.092.384 9.560.000

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Price requests (1) for valuable housing ProPerties in rome - second half of 2015
Urban
Areas
Min. Average
Price for m2 (2)
€/m2
Change
during the
first half in %
Max. Average
Price for m2 (3)
Average
Price for m2 (4)
Highest
Price (5)
Average
Total
Price (6)
Max.
Total
Price (7)
Change
Change
€/m2
during the
€/m2
during the
€/m2 €/m2 €/m2
first half in %
first half in %
Historical 7.059 2,2% 13.098 2,6% 9.880 2,3% 21.667 2.494.444 2,9%
Center
Pinciano 7.102 2,4% 11.292 2,4% 9.059 2,4% 16.667 2.225.000 3,5%
Veneto
Parioli 5.611 1,4% 10.521 -2,6% 7.742 -1,9% 14.444 2.288.000 -2,6%
Salario Trieste
Prati 6.488 0,4% 10.835 1,8% 8.280 1,6% 12.857 1.823.529 4,0%
Vigna Clara 5.087 -1,9% 8.466 -0,8% 6.548 -1,0% 10.000 1.769.474 -1,0%
Camilluccia
Average 6.269 1,0% 10.842 0,8% 8.302 -0,8% 15.127 2.120.090 1,3%
Average
(1) Values in the table are calculated on the basis of the requested price for both sold properties and properties
announced for sale.
(2) The average value per m2 of valuable residential units, having a lower price than the first quartile of the real estate
price distribution per m2.
(3) The average value per m2 of valuable residential units, having a higher price than the third quartile of the real
estate price distribution per m2.
(4) Average price value per m2 of the real estate properties.
(5) Highest price value per m2 of the real estate properties.
(6) Average total price value per m2 of the real estate properties.
(7) Highest total price value registered during this half of the year.
Source: data provided by Nuova Attici & processed by Nomisma

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It should be clarified that under the unequivocal designation of “exclusive residences” one must
identify at least two different categories with potential differences between them, in terms of markets
and trends.
On the one hand, there are the real estate units with the highest profile: large and very large residences
(250 m2 and above), sought by a narrow range of users. On the other hand, there are
real estate units in the category of “exclusive” as per their size and cost, which however are still
accessible to a wider range of users.
To make categorization easier, the first segment hereafter will be referred to with the adjective
“top”, while the second with “medium”. From a statistical aspect, the second segment is much
more significant than the first one.
We will resort to this categorization whenever the correct analysis, or the explanation of the observed
phenomenon so requires. If not mentioned explicitly, all aspects must be considered valid
for the segment as a whole.
Clearly, in the first half of 2014 and in 2015 the top price for the category - which without a doubt
includes the described real estates, in our estimation - was around 23,055 euro per square meter.
However, on January 7, 2015 we witnessed an important transaction in the heart of Rome.
Here is the statement released to the press by the major international news agencies:
“Yesterday, PSG striker soccer player Edinson Cavani completed the purchase of a penthouse
in the center of Rome for the amount of 8.7 million Euros – reveals a statement released by the
British association. The property - located on the third floor of a building from the 1700’s - consists
of four bedrooms, a three living rooms, 3 bathrooms, a private gym and relaxation area extending
over a total of 450 square meters. The deal, carried out by Proto Organization Ltd. in London, and
headed by the financier Alexander Proto - having customers among others such as soccer players
Lionel Messi and Cristiano Ronaldo - was completed in a few days and was formalized by the
Notary Giuliani in Rome.”
Therefore, as you can see, even though we do go into the details, there was a transaction for a
per square meter amount of just a bit less than 20,000 Euros.

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12 –SEARCING THE MARKET VALUE
First of all It is necessary to clarify that considering the historical significance, the absolute uniqueness
and the value of the property, any economic assessment object of the following appraisal is
considered inadeguate.
The great architect Giacomo della Porta (1532-1602) architect of the project, is the same architect
that finished the dome of St. Peter and qualified his architectural project by the following exclusive
masterpiece features:
A)He integrated the new construction into the ancient preexisting Palazzetto, allowing this unit to
extend and merge into the new construction without being able to recognize that you are in one
side or in the other part of the Palazzo;
B)He created and maintained a direct view of the entry of Santa Maria (which is the Campitelli
Church located in front of the Palazzo Albertoni Spinola) from the original door of the Palazzetto,
despite having built the great Palazzo in front of what preexisted building;
C)He has made possible the use of the old roof secret garden of the Palazzetto with the first floor
of the Palazzo, making this unit a unique property of its kind.
- located in the historic center of Rome, in a unique historical and archaeological area,
- features a roof garden in the very center, as well as a terrace offering an unparalleled view on
Rome;
- the building structure has gone through massive interventions for granting static consolidation
and for completely refurbishing its common parts;
-maximum flexibility with independent units and multiple entrances which, at the same time,
may be connected;
-autonomy of the ‘Palazzetto’ and the ‘privacy’ it enjoys, yet the freedom to use a variety of common
monumental parts;
- great historical value;
- individual units are in excellent condition;
- 4 car parking areas in the courtyard of the building;
- prestigious tenant (we may not mention names here for reasons of privacy).
Based on statements made in the preceding paragraphs, the evaluation of the consistency of the
property goes as follows.
VALUABLE COMMERCIAL SURFACE IN SQUARE METERS
1309 x 22000 = 28798000
COMMERCIAL STORAGE SURFACE IN SQUARE METERS
36 x 4000 = 144000
GARDEN SURFACES
177,65 x 7333 (one third of the full price per square meter) = 1302707
SURFACE OF TERRACES WITH VIEW
172,86 x 11000 (half of the full price per square meter) = 1901460
CAR PARKING AREAS AT THE ENTRANCE HALL OF THE ‘PALAZZO’
n. 4 x100000=400000
TOTAL VALUE OF PROPERTY: 30545000, FROM WHICH THE VALUE OF REDEVELOPMENT
AMOUNTING TO 2,000,000 IS TO BE DEDUCTED.

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13 – SEARCHING FOR THE VALUE WITH INDIRECT METHOD FOR INCOME
CAPITALIZATION
The “capitalization value”, as historically put forward by Serpieri (“Il metodo di stima dei beni
fondiari” / “The method of estimation of landed property”, Florence, 1917, Prof. M. Serpieri), first
verified in principle by Michieli (“Estimo” / “Appraisal”, Bologna, 1975, Prof. I. Michieli) and then,
among others, by Castello (“Stima degli immobili – Fondamenti per la valutazione della proprietà
immobiliare” / “Estimating real estates - Fundamentals for the assessment of real estate property”,
Dario Flacconio Publisher, 2001, Prof. Arch. G. Castello), is the result of the capitalization into
actual income that some given goods are capable of producing.
In the given case, applying this method is of considerable importance, given that a ‘LUXURY
SUITE’ with these peculiar features in the very center of Rome is very rare indeed. An example,
taken from the hotel business (to be found in http://www.baglionihotels.com/it/regina-hotel-baglioni/suite/roman-penthouse-suit),
one piece of real estate is rented out for the daily amount of
12,000 Euros.
However, performing that activity necessitates a further investment in important furniture and services
to be performed, that require reliance on specialized personnel.
Sticking to the topic of possible temporary locations for important guests: the market expects prices
- without services - around 1,000 Euros per day per suite of a more modest square footage.
Therefore, considering daily incomes of around 4,500 Euros and an average annual employment
of around 280 days, one could gain revenues of around 1,125,000 Euros per year.
Therefore, by applying the relevant method – which more specifically consists of financially actualizing
the constant and ongoing future profitability of a property, derived from the simplification of
the amortization formula – the conclusion is as below:
Cn = __a__ cr
where:
Cn = final capital
a = annual income
cr = capitalization rate
In this regard the conceptual principles introduced by Fisher are worth noting (I. Fisher, “La natura
del capitale e del reddito” / “The nature of capital and income”, Torino 1922). Fisher, remarking
on the exemplificative equivalence between capital base and flow, noted that the flow of future
monetary incomes (not considering, of course, the current state of affairs) “must presuppose a
continuous flow of future income and the corresponding rates of interest”, so that it may become
equivalent to the capital base (that is to say, the real estate, in our case) which is subject to evaluation.
Under the assumption of the assessment principle of “the permanence of conditions”, one can
determine the following capital generation, if the cr rate is set to 4% per annum(in euros):
Cn= a : cr = 1,260,000 / 0.04 = 31,500,000
That brings the total value to 29,500,000 deducting the redevelopment costs.

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14 – SEARCHING FOR THE MOST PROBABLE MAXIMUM VALUE OF THE REDEVELOPED
BUILDING COMPLEX
In the previous sections we were conducting a search for the value of the redeveloped real estate
property, applying the direct method of comparison, as well as applying the indirect method of income
capitalization. Proceeding then to the average of the deduced values, we come to the “most
probable maximum value of the redeveloped building complex”, as shown in the following formula.
The average of the deduced values in euros:
32,545,000 + 31,500,000 = 64,045000 / 2 = 32,022,000 - from which the value of redevelopment
2000000 is to be deducted.
FINAL AND TOTAL VALUE IS 30,022,000
15 – ANNEXES
1-RESTORING THE WHOLE PALAZZO:LAST WORKS
2-ALBERTONI SPINOLA BOOK
3-GOVERMENT LAW OF 1933 ABOUT
4-CADASTRAL CERTIFICATE AND FLOOR PLANS
5-POLLUTION AND ENERGETICH CERTIFICATE
6-ALL THE PERMITS
7-HOSPITALITY PERMIT
8-TITLE OF PROPERTIES
9-CONDO RULES
10-BOOK ABOUT THE BUILDING IN ACCORDANCE WITH PAST LAW
11-ALL THE FLOOR PLANS AND DESIGNES
12-PICTURES
13-DESCRIPTION INTERVENTION OF DEVELOPMENT
14-RECENT REVIEW

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Appraiser
Mr. Ivan Mammucari
Professional qualifications
Licensed to practice the profession of Surveyor obtained in Rome;
Enrolled in the Surveyors’ Provincial Association of Rome with the no. 8293 on 1/27/1999.
Enrolled in the Architecture Course of Study at the University of Rome “La Sapienza” since 1981.
Registered with the Velletri Court under no. 1101 of the civil Register, as consultant;
Computer skills
Excellent knowledge of hardware and software (Autocad 2004, Autocad 2000, Autocad 14, Autocad LT, Word 7.0, Excel,
Publisher, Leonardo), programs of the Ministry of Finance for cartographic updates of the Ministry of the Territory: Pregeo,
Docfa, Docte, Volture; accounting program, Primus jobs.
Refresher courses
At the Land Register to register through the new Docfa procedure version 3.04 and key for telematic transmission.
At the Land Register to insert the constructions on the map through the Pregeo procedure version 9.01;
Work experience
Took part as Data Collector to the 3rd Agriculture Census of 1983 in the Municipality of Velletri.
In 1998 collaborated with the “A & L Associati” office of Mr. Paolo Annavini of Rome as Coordinator for the province of
Rieti and Northern Rome for cadastral works with the Ministry of Finance – A.I.M.A. FINSIAL – and Ministry of the
Territory for the photo interpretation of unrecorded property, not indicated on the map.
Professional experience
From 1983 to 1985 and from 1987 to 1995, carried out collaboration with the Architect Massimiliano Bombetti registered
with the Architects Association of Rome under no. 3913, with office in Velletri (Rome), Trento and Trieste Square no. 3,
and specifically took part to the drafting of the following projects:
General local strategic plan of San Giorgio Lucano (MT);
Recovery plan of the historic center of the Municipality of Oriolo Calabro (CS);
Production site plan (P.S.P.) of the Municipality of Oriolo Calabro (CS);
Consolidation and restoration of the Medieval Castle of Oriolo Calabro (CS);
Consolidation and restoration of the Mother Church of Oriolo Calabro (CS);
Consolidation of Pieruban mountainsides of the Municipality of Rocca di Neto (CZ);
Drafting of 4 sports venues in the Municipalities of Belvedere Spinello – Rocca di Neto – Oriolo Calabro – Roseto Capo
Spulico (not financed);
Private projects and agreed arrangement of building plots in the Municipalities of Oriolo Calabro – Amendolara – Roseto
Capo Spulico – Trebisacce (province of Cosenza), in the municipalities of Rocca di Neto – Belvedere Spinello (province of
Catanzaro) and in the municipalities of Velletri – Genzano of Rome (province of Rome).
Has been working independently since 1996, collaborating with other surveyor colleagues, especially in carrying out the
following assignments:
For public works contracts in collaboration with other technicians:
Municipality of Velletri:
• Dimensioned plan and rectification of the borders in Velletri in source locality Santa Maria dell’Orto with end report in
collaboration with surveyor Massimo Di Fabio;
• Splitting up of Municipality of Velletri: public road Via XXIV Maggio, Via Padre Mariano Colagrossi, via Oreste Nardini
in collaboration with surveyor Massimo Di Fabio;
• Municipality of Velletri rectification of boundary and division of some properties built by Cooperatives in Zoning
Map167 in collaboration with surveyor Massimo Di Fabio;
• Municipality of Velletri plano-altimetric survey of the local road of Colle Formica;

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• Municipality of Velletri plano-altimetric survey of the local road of Poggi D’Oro in collaboration with surveyor Massimo
Di Fabio;
• Municipality of Velletri plano-altimetric survey of the local road of the Vascucce in collaboration with surveyor Massimo
Di Fabio;
• Survey, division and staking out of Vascucce locality junction.
• Municipality of Velletri planning and survey of the Hospital Connector which connects the via Appia with the Velletri
hospital in collaboration with surveyor Andrea Andreozzi;
• Municipality of Albano Laziale survey and planning of two street segments in Albano Laziale adjacent to the Public Hospital
in collaboration with Eng. Giulio Nardini;
• Municipality of Velletri planning and Management of the Works for extension and hydraulic installation-local road of
the Vascucce in collaboration with surveyor Massimo Di Fabio.
For private customers:
• Topographical surveys with electronic theodolite “Geotronic” for other technical studies of Rome and province and Latina
and province:
• Registration of buildings with inclusion on the map at the Land Register through “Pregeo” procedure and at the Urban
Land Register through “Docfa” procedure;
• Division of Land;
• Dimensioned plans (contour lines, sections …) with rendering of the same in Autocad 14 – autocad 2000, 2004, topographical
program “Leonardo Classico”;
• Cadastral transfer registration land register and urban register;
• Regularization projects Law 47/85, law 724/94, law 326/2003 and R.L. no. 12/2004 even on areas subject to the restriction
in accordance with law 1497/39 and subsequent amendments and additions and with law 431/85;
• Planning of new constructions, authorization to unload, hygienic sanitary suitability of business premises etc.
Private construction projects carried out during the period going from the year 1999 up to today.
• Assignment no. 587/98/8001 by “SILEC S.p.a. – Planning and Constructions” of Leini (TO) for the dimensioned plans
and support to the enterprise during the execution of the works pertaining to the drainage system and the purification
system of the city of Velletri (Rome);
• Assignment for topographical surveys by the company “M.T.C. S.p.a.” headquartered in Rome for the realization of a
hospital in Sacrofano (Rome) Rimessa della Fame locality and survey of the Spolverini di Ariccia hospital for a sum of €.
1.291,14;
• Assignment by Arch. Agapito Fornaro on 1/8/2001 for the topographical survey in the municipality of Velletri with dimensioned
plan, contour lines and cadastral addition on Via Guido Nati and Via Menotti Garibaldi;
• Assignment by Arch. Bruno Fede on 9/10/2002 for topographical survey in the municipality of Velletri with dimensioned
plan contour lines and cadastral addition on Via del Fontanaccio, via Martiri delle Fosse Ardeatine Viale Oberdan, Piazza
Mazzini;
• Computerization on aerial photogrammetry of the toponymy, boundary delimitation of the territory, districts, population,
green areas, hygienic services, cemetery area, location of the dumpsters to collect urban solid waste of the entire area
of the Municipality of Velletri, on behalf of the Company Volsca Ambiente Spa. with assignment in December 2000;
• Joint assignment with surveyor Massimo Di Fabio by Eng. Marco Arcieri for the plano-altimetric surveys of the abandoned
railroad Velletri-Colleferro tract internal to the Municipality of Velletri;
• Assignment of surveys for Contest–Contract for Eng. Raffaele Colosimo by the GEA s.p.a. company headquartered
in Naples in the municipality of Civitavecchia for the realization of a drainage system on via Braccianese, locality of
Madonnina;

appraisal
• Assignment Eng. Roberto Naso of Rome as engineer of the “C.T.L. s.r.l.” company for contract-contest surveys municipality
of Pomezia locality of Castagnetta – Via Naro and 3 current purification installations;
• GEA S.p.a. assignment by Eng. E. Marino headquartered in Naples on 2/6/2004 for surveys and dispossessions in the municipality
of Pomezia: locality of Castagnetta, Torvaianica Alta, Campo Jemini, Laurentina central connection and Pomezia
Sud Reservoir;
• Court of Latina Assignment (bankruptcy division) Judge Michele Cataldi bankruptcy no. 31/04 on 11/10/2004 for the
topographical surveys of an abandoned Mine municipality of Fondi (LT);
• Assignment by Piazza Garibaldi Professional Association – arch. Orsola Gazzanica for plano-altimetric survey in the
municipality of Velletri of Piazza Garibaldi;
• Assignment by arch. Giampaolo Ercolani for plano-altimetric survey of the public garden of Viale Marconi in the municipality
of Velletri;
Personal assignments Municipality of Velletri, Nettuno, Pomezia, Marcellina carried out in the period going from 1999 up
to today
• Received assignment on 9/20/1999 to divide a plot of land on which a public artesian well persists in Colle Scarano District
Municipality of Velletri;
• Assignment to divide and terminate the area for transfer to the Ministry of the Interior for the construction of the Fire
station, Municipality of Velletri Decision C.E. no. 449 of 12/31/1999;
• Assignment of the Municipality of Velletri Decision of C.E. no. 492 of 8/10/2000 for land register certificates of no. 4
public areas in the local territory;
• Municipality of Velletri assignment Measure no. 67 of July 17, 2001 division of land subject to dispossession Municipality
of Velletri area Zoning Map 167;
• Municipality of Velletri assignment Measure no. 365 of 10/18/2001 division for rectification and termination Source area
Santa Maria dell’Orto;
• Municipality of Velletri assignment Measure no. 385 of 10/22/2001 Cadastral Variations ex “Eca” Property in Via del
Corso della Repubblica;
• Assignment from Carano Aqueduct Consortium Municipality of Nettuno area division Acciarella locality for lift sewage
system Board of Directors of 4/3/2001;
• Municipality of Velletri assignment, technical and graphical instrumental survey of the road of Paganico Determination
service VT no. 368 of 10/26/2000;
• Appointment of Criminal Police Aid on 3/3/2003 by the Financial Police (Velletri Company) following the assignment
conferred by the Public Prosecutor’s Office of Velletri signed by the Deputy Public Prosecutor Ms. P. Della Vecchia for the
exact identification of the boundaries of an area located in the Municipality of Velletri near the Hospital;
• Professional assignment together with another technician surveyor Massimo Di Fabio in the Municipality of Velletri
to plan and manage the construction of two parking lots of P.R.G. in via dei Volsci Appia State Road Measure no. 415 of
12/14/2001;

appraisal
• Municipality of Velletri professional assignment to re-establish the borders and end the covered market Measure no. 34
of 10/7/2002;
• Municipality of Velletri assignment to stake out and divide a local road called Via di Troncavia Measure 309 of July 23,
2002 and addition of Measure no. 106 of 3/31/2004;
• Municipality of Velletri assignment to re-establish the borders and end the dumping of the urban solid waste in Lazzaria
District Estate Area Measure no. 35 of 10/10/2002;
• Municipality of Velletri assignment through measure no. 233 of 11/11/2003 in collaboration with the Director of the
Municipality of Velletri for the realization of a parking lot in regard to the Velletri Public Hospital;
• Municipality of Pomezia assignment to define dispossessions and easements areas for the normalization of public sewage
drainage of the Northern Area of the Capital – I extract Measure no. 129 of August 1, 2003;
• Municipality of Velletri joint assignment together with another technician to end and register the elementary school
of Colle Palazzo and Tevola District Measure no. 85 of 7/1/2005; and additional assignment through Measure no. 260 of
12/27/205;
• Municipality of Marcellina assignment (Rome) through Measure no. 353 of 11/23/2006 to divide and verify the area
subject to dispossession of the Congregation for the Evangelization of the People – Voluntary Transfer of Areas for the
Santa Palomba reservoir and Conduits;
• Municipality of Velletri assignment as Operational Director and Construction Site Inspector within the Works Management
Office of the Colle Perino junction Appia S.R. Area V Measure no. 44 of 2/7/2006;
• Municipality of Velletri assignment for plano-altimetric survey and planning proposal of the junction of Colle Ottone
through Measure no. 22 of 2/12/2004 Transportation Area;
• Municipality of Velletri assignment together with another technician for plano-altimetric survey of the following junctions:
Via dei Volsci-Via Lata; Via Appia-Via Fontana delle Rose; Via Appia-Piazza Garibaldi; Via Appia-Via Santo Tomao;
Via Appia-Via di P.R.G.; Viale Rome-Via dei Laghi; Via Campo sportivo-Via A. Fanfani – Via E. De Filippo – Via Circonvallazione;
Via Appia-Via dei Cinque Archi-Viale Salvo D’Acquisto; Measure no. 133 of 6/20/2003;
• Municipality of Velletri assignment to divide public utility extension area school of Colle Carciano Measure no. 229 of
9/31/2006;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Pomezia
referenced in Measure no. 55 of 5/25/2007l for the “Division and Dispossession Procedure – Zoning map 167/62 Section
1”. (contract on 9/19/2007 index no. 6377). Amount €. 12.000,00.
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Pomezia
referenced in Measure r.g.n. no. 1568 of 5/18/2007 for “Dispossession Procedures and for the land register division relating
to public works carried out prior to the coming into effect of the Consolidation Act on the dispossession of public Utilities”
–(contract on 9/19/2007 index no. 6378). Amount €. 25.000,00.
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure area IX no. 86 of 12/21/2007 for plano-altimetric survey and extension of the public Cemetery –
(contract dated 2/8/2008 index no. 1808);

appraisal
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri referenced
in Measure no. 235 of 11/28/2008 Area V for inclusion in the map and registration of sports center and enel electricity cabin;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
Public Works Reference no. 407 of 3/30/2009 assignment for transcription, registration and transfer of acquisition decree
Santo Tomao junction area;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
Public Works Reference no. 50 of 4/14/2009 for topographical surveys, unit plans, routes, typing and printing of Detour
route Via delle Fosse – Viale Oberdan-Via Appia, on the route of the Velletri-Rome railroad;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 100 of 7/20/2009 area V Identification of boundaries between public and private property in the
locality of Ponte Bianco;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 190 of 7/23/2010 area V coordination of safety in the execution stage for the extraordinary
maintenance of Via Vascucce;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 232 of 12/24/2010 area V division for dispossession and inclusion in the map and registration
of the school building of Ponte di Mele;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 248 of 10/12/2010 area VI Public Works. Addition of drafting of Survey of the Vascucce Velletri
public road Variation;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 223 of 9/9/2011 area VI. Survey to identify Colle Palazzo road;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri
referenced in Measure no. 110 of 6/15/2011 area IV Public Works. Division of the work areas for the development of the
traffic circle in the Papazzano locality;
• Assignment to the firm of surveyor Ivan Mammucari and surveyor Massimo Di Fabio by the Municipality of Velletri referenced
in Measure no. 245 of 11/13/2012 area IV Public Works. Assignment of stake out of the new road in preliminary
to the carrying out of the geological investigations in Via Circonvallazione di Ponente;
• Assignments from the Court of Velletri Property Execution Office. Executions numbers: 204/02 – 30/06 – 419/04 –
306/02 – 42/00 – 46/01 – 287/96 – 689/96 – 237/05 – 374/02 – 161/04 – 514/03 – 4/02 – 8/00-196/07 – 403/03 – 502/03
–156/07– 450 and 451/02 – 21/08 – 305/08 – 267/03 – 305/07 – 436/08 – 409/08 – 151/08 – 189/05 – 132/05 – 325/8
–377/09– 474/09 – 527/08 – 523/09- 284/10 – 247/10 – 401/10 – 427/10 – 410/10 – 753/10 – 809/10 – 358/11 – 648/11
–906/11– 449/12-
• Assignments from the Court of Velletri – separate section of Albano Laziale, Anzio and Frascati civil suits: number
40473/01 – 67/2004 – 40334/06 – 40250/07 – (554, 552 and 549/05)- 616/06 – 4517/10 – 2017/10 – 7072/2008.

- 53 -
value of the company

Refurbishment
Project

efurbishment project
Intervention of redevelopment
The construction of three luxury suites to be carried out with the highest standards. The design of the furniture is
by Philippe Starck. These suites are to be equipped with fitness and wellness areas, as well as shared common areas
with se-curity facilities, an office and a movie-theatre.
Garden Suite
The Garden Suites is developed on three floors, featuring Sub 1, Sub 2 and Sub 3. The ground floor of the Garden
Suite are going to became private gym and wellness directly connected with the apartment at the first floor of the Garden
Suite, through a spiral staircase. Between the ground and the first, there is an intermediate/mezzanine floor.
The charming private garden provides serenity, harmony and peace. Thanks to the floor to ceiling windows the
spacious rooms of this apartment have an incredible amount of natural light. The antique hand painted wooden
ceilings and the cozy fireplace can create the comforting atmosphere of a real home.
The ground floor of the apartment sub.1 will be connected with sub.2 and that connected with sub.3:sub.2 and sub.3
are going to became private gym and wellness directly connected with the ‘’garden apartment ‘’
Ambassador Suite and Executive Suite
The Ambassador and the Executive Suites are located at the second/mezzanine floor of the Palazzetto, at the Sub 4
and Sub 5, respectively.
The spiral staircase sub.6 will be connected (opening the old existing door) with sub.7 and that one with sub.8, opening
a completely new door this time. In this way, the Ambassador and Executive Suites will have a big fitness and wellness
area that can be stunning and fascinating because original frescos and ceiling with vaults. The same spiral staircase
will also connect the two suites to a little chapel and the rooftop terrace, Sub. 6.
Common Areas
Common areas feature Sub 9, Sub 10 and Sub 11 respectively as a Management Office, the Private Entrance from
p.za Capizucchi and the Theater; at the ground floor of the Palazzetto.
The Office consists of a single room with a recently restored fresco at the center of the ceiling, it has travertine floors
and its walls are equipped with a sink, now dismantle. It will be necessary to install the heating and air conditioning
system.
The Private Theater consists in a specious unit of three rooms and a bathroom. The floor of the ground floor is made
of faux wood. The electrical, plumbing and heating systems have been recently renovated. Install a cutting-edge movie
pro-jector, a security system, refurbishment of the bathroom in the basement, and other adjustments.
The Private Entrance consists of a central space connected to the services, which are doubled by means of a staircase
and a loft of a second bathroom. The entrance from Capizucchi square allows using it independently from the entrance
hall of the ‘Palazzo’ itself, becoming a private and securing entry. Needs to paint the premises.
Conclusion
Moreover, for all the premises, the implementation of security and home automation systems according to the latest
tech-nological standards all the area as well as the development of a sophisticated “landscape” and a botanical and
architectural intervention at the garden of the first floor.
Total amount: approximately EUR 2,000,000 with the ‘turn-key’ formula.

efurbishment project
The architects
Gaia Rebecchini
Born in Washington 1988, lives in Washington, Paris and Rome New York. Later she studies Architecture UE at the University
La Sapienza of Rome, with academic year at the New York Institute of Technology, graduating in 2012. Inscribed to
“Register of Architects of Rome and Province”, she works in the field of architecture and exhibition.
Laura Mochi Onori
Born in Rome in 1986, she graduated in 2012 in Architecture UE at La Sapienza University of Rome, and specialized in
Home Decoration at Central Saint Martins in London. Inscribed to “Register of Architects of Rome and Province”, has
worked with several architectural firms in Rome.
“MoRe Than Arch Studio” is an architecture studio created in Rome in 2012 from an idea of Architects Gaia Rebecchini
and Laura Mochi Onori. The studios professional activity covers all levels of design, from the development of the idea
to its realization, from the architecture to the design. From this the name “MoRe than Architecture Studio” is created,
indicating the desire to offer more than a standard design service , following the customer from the search of the property,
up to the choice of the smallest furniture complement. The name MoRe also contains the founding architects initials,
Mochi Onori and Rebecchini, ad is the anagram of Rome. Rome is the city where the studio is founded, based and where
the architects have grown, having the opportunity to feed themselves of the great architecture and beauty heritage that
constantly sorrounded them. Their families backgound has influenced on their professional training. The architecs have
always acknowledged values of hard working and honesty. Gaia grows up in a family of engineers who spend particular
attention on the growth of Rome in the years after the second world war. Gaia’s Grandfather Salvatore gets elected mayor
of Rome for two terms, from 1946 to 1956. Salvatore a devout Catholic, prepared the city to host the 1950 Holy Year. Salvatore
leaves the reins to his son Gaetano, engineer, promoter of major building initiatives, manufacturer and designer of
a high quality type of architecture. Thanks to the seriousness of the families of origin, today the two architects make up a
professional team that allows the achievement of the goal through cost saving designs and realizations, through sharing
of resources, vendor selection, speed of execution in the design and in eventual variation during construction. The studio
pays particular attention to the coordination of the companies on the building site, to the simplification of relationships
with the administration, but above all on the guarantee of th control of costs, production times and the quality of the final
project. In the professional activity they take care of rennovations, interior design, architecture international competitions,
property investment consultancy and design of furniture and accessories.
Alex Rossman
Is the founder & CEO of Metrostudio, an international marketing and design firm that specializes in the unique communications
and branding needs of the real estate industry. Alex is a dynamic professional architect and entrepreneur with 17+
years’ experience in concept to completion of marketing strategies for real estate developers, brokerage firms, architects
and top designers.
Alex holds an Architecture & Urbanism degree from the University of Buenos Aires, he is a former faculty member at
Pratt Institute in New York and former Professor at the Art Institute of Miami.
“Metrostudio” is an international marketing and design firm that specializes in the unique communications and branding
needs of the real estate industry.
At Metrostudio we deliver all the resources, talent, creativity, and strategy of boutique advertising agencies, but with a
specialized focus aimed at generating strong leads and sales within the competitive world of the real estate market.
Some featured projects include: Chateau Beach Residences, Le Parc at Brickell, Porsche DesignTower Miami, and Brickell
Flatiron, among others.

orhtaB
tnempiuqemyG
refurbishment project
Total Investment Chart
TOTAL INVESTMENT CHART
neR n oitavo wn skro
0,830.656$
naerutinruF snehctiKd
0,817.206$
o sm
0, 0.371$
smetInehctiK
0,637.49$
neniL htaB dna mordeB
0,713.94$
0, 13.81$
Co m m o ecapSn
apS& senleW
0,581.02$
0,831.02$
T sV
0,474. 6$
ngiseD epacsdnaL
0,379.762$
latoT
0,098.860.2 $

efurbishment project
Rennovation Works
Art.
1
Description
Garden Suite
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
1.1
Revision and Remake of the
plaster in damaged areas.
Entire apartment
sqm
1
25
25
1.2
Total bathroom renovation,
according to the project, hot
and cold water supply
connected to the boiler.
All that is needed for the
complete installation of the
bathroom equipment and its
water sockets. Including the
network of mechanical
ventilation supply and
installation of suitable
vacuum cleaners.
B1_first floor
B2_mezzanine
n
2
1.500
3.000
1.3
Renovation of the whole air
conditioning system
throughout the entire
building.
Entire apartment
a c.
1
0.52
25.000
1.4
Replacement of the brick
floor with the new one for
the middle and ground floor.
Dismantling of the old
flooring , supply and
installation of the new is
included.
Kitchen
sqm
118
180
21.240
1.5
Break down of 2 partitions
on the ground floor.
Kitchen
sqm
22
20
430
1.6
Waterproofing and
insulation of the cellar on
the ground floor.
Cellar
sqm
1
80
80
1.7
Opening for a door
connecting the ground floor
and SUB 2, including
demolition and supply of a
new frame in solid wood.
a c.
2.800
2.800
Total Garden Suite
52.575

efurbishment project
Art.
2
Description
Gym Garden Suite
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
2.1
Construction and renovation
of hygienic and sanitary
services for fitness and
relaxation to serve the
property SUB3.
Entire apartment
sqm
352
5.000
5.000
2.2
Air conditioning and heating
system suitable for the
above services.
a c.
694.43
34.496
2.3
Tempera painted ceilings and
veils including its preparation,
by shaving and primer :
for three hands to cover.
Entire apartment
sqm
36
18
648
2.4
Painting with water-based
paint for three hands to
cover the walls of existing
and th new, including
grouting, shooting sharp ,
shaving and preparation.
Entire apartment
sqm
1.056
20
21.120
Total Gym Garden Suite
61.264
3
Garden Suite Spa
3.1
Tempera painted ceilings and
veils including its preparation,
by shaving and primer :
for three hands to cover.
Entire apartment
sqm
36
18
648
3.2
Painting with water-based
paint for three hands to
cover the walls of existing
and th new, including
grouting, shooting sharp ,
shaving and preparation.
Entire apartment
sqm
100
20
2.000
3.3
Construction of heating and
cooling systems which allow
to use the area as a fitness
and relaxation area .
Entire apartment
sqm
36
98
3.528
Total Spa Garden Suite
6.176

efurbishment project
Art.
4
Description
Ambassador Suite
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
4.1
Painting with water-based
paint for three hands to
cover the walls of existing
and th new, including
grouting, shooting sharp ,
shaving and preparation.
Entire apartment
sqm
975
20
19.500
4.2
Painting of the walls of the
terrace above the master
bedroom.
Terrace
sqm
35
20
700
4.3
Opening for a door for the
spiral staircase, including
demolition and supply of a
new frame in solid wood.
a c.
2.800
2.800
4.4
Supply and installation of a
canalization system for air
conditioning with a single
engine and 6 machines.
Entire apartment
0.43
34.000
4.5
Realization of 2 Jacuzzis
with renovation of its
hyginic and sanitary
systems.
B1, B2
a c.
3.000
3.000
Total Ambassador Suite
60.000

efurbishment project
Art.
5
Description
Executive Suite
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
5.1
Revision and Remake of the
plaster in damaged areas.
Entire apartment
sqm
480
20
9.600
5.2
Tempera painted ceilings and
veils including its preparation,
by shaving and primer: for
three hands to cover.
Entire apartment
sqm
160
18
2.880
5.3
Painting with water-based paint
for three hands to cover the
walls of existing and th new,
including grouting, shooting
sharp , shaving and preparation.
Entire apartment
sqm
480
20
9.600
5.4
Floor Rennovation by the
supply of new fine wood
parquet with wide boards
(Listone Giordano) nailed
directly to the ground.
sqm
80
150
12.000
5.5
Rennovation of the bathrooms
by installation of a system that
allows jacuzzis.
B1, B2
n
2
1.000
2.000
5.6
Supply and installation of a
canalization system for air
conditioning with a single
engine and 4machines.
Entire apartment
a c.
0.51
15.000
Total Executive Suite
51.080
6
Attic and Spiral
staircase
6.1
Revision and rennovation of
plaster walls of the spiral
staircase of the terrace and the
attic.
Stair
sqm
500
20
10.000
6.2
Realization of 2 platform stair
lifts for spiral staircase with
radio-controlled electric motor.
Stair
a c.
40.000 To verify
Total attic and spiral staircase
50.000

efurbishment project
Art.
7
Description
Ambassador and
Executive Suite Gym
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
7.1
Revision and Remake of the
plaster in damaged areas.
Entire apartment
sqm
370
20
7.400
7.2
Adaptation of health services
for Fitness use.
Entire apartment
a c.
1.500
7.3
Opening for a door connecting
SUB 8, including demolition
ans supply of a new frame in
solid wood.
a c.
2,500
2.500
7.4
Mosaic cover for the precious
floor done with a shatterproof
glass/polycarbonate.
Entire room
sqm
55
240
13.200
Total Ambassador and
Executive Suites Gym
24.600
8
Ambassador and
Executive Suite Spa
8.1
Tempera painted ceilings and
veils including its preparation,
by shaving and primer : for
three hands to cover.
Entire room
sqm
61
18
1.098
8.2
Painting with water-based paint
for three hands to cover the
walls of existing and th new,
including grouting, shooting
sharp , shaving and preparation.
Entire room
sqm
180
20
3.600
8.3
Rennovation of hygenic and
sanitary systems which allow to
use the area as a fitness and
relaxation area.
Entire room
a c.
1
1.500
1.500
Total Ambassador and
Executive Suites Spa
6.198

efurbishment project
Art.
9
Description
Office
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
9.1
Supply and installation of
heating and conditioning
system.
Entire room
a c.
1.500
1.500
9.2
Tempera painted ceilings and
veils including its preparation,
by shaving and primer: for
three hands to cover.
Entire room
sqm
32
18
576
9.3
Painting with water-based paint
for three hands to cover the
walls of existing and th new,
including grouting, shooting
sharp, shaving and preparation.
Entire room
sqm
100
20
2.000
Total Office
150
12.000
4.076
10
Theater
10.1
Realization of professional
cinematographic system.
a c.
120.000
To verify
10.2
Total bathroom renovation,
according to the project, hot and
cold water supply connected to
the boiler. All that is needed for
the complete installation of the
bathroom equipment and its
water sockets. Including the
network of mechanical
ventilation supply and
installation of suitable vacuum
cleaners.
Underground
n
1
1.600
1.600
10.3
Other adjustments of security
systems.
a c.
3.500
3.500
Total Theater
125.100

efurbishment project
Art.
11
Description
Entrance
Room
U.m.
Quant.
Price
Tot.Partial.Euro
Tot.Gen.Euro
11.1
Tempera painted ceilings and
veils including its preparation,
by shaving and primer : for
three hands to cover.
Entire room
sqm
114
18
2.052
11.2
Painting with water-based paint
for three hands to cover the
walls of existing and th new,
including grouting, shooting
sharp , shaving and preparation.
Entire room
sqm
300
20
6.000
Total Entrance
8.052
12
Others
12.1
Supply of a new elevator with a
modern glass transparent door.
a c.
55.000
55.000
12.2
Implementation of security
systems and home automation
according to the most advanced
technological standards.
Entire building
80.000
80.000
N.B.
Further investigation is needed to verify more accurately some of the mentioned items.

efurbishment project
Furniture and Kitchens
Total Suites and Garden Suite
Rooms
Description
$Total Price
3 Suites
etiuSnedraG 199.533
etiuSrodasab A m
280.357
etiuSevitucexE 122.828
Total supply of furniture and kitchens 817.206
Brand Name
N Description €UnitPrice
€Total Price
Master
Bedroom
Bedroom
Small
Bedroom
Entrance
Lobby
Lounge
Driade Neoz 1 King Size Bed 180x200 H200 (P.Starck) 4.404,00 4.404,00
Kartell Ghost 2 Bedside Tables 40 X 57 H X P.47 (P.Starck) 259,00 518,00
Flos Miss K 1 Table Lamps H 43.2 X Diam. 23.6 (P. Starck) 250,00 250,00
Cassina Sled 1 Desk By Dordoni 170 X42/60 H 65 3.015,00 3.015,00
Driade Neoz 1 Armchair 58 X57.5 X H 85 Tess. Cat.0 (P.Starck) 1.672,00 1.672,00
Flos Archimoon K 1 Table Lamp H. 57xdiam. 11 Cm 420,00 420,00
Flos Super Archimoon 1 Floor Lamp H. 214x L.242 X Diam. 55 Cm 6.900,00 6.900,00
Textile (Courtain 150 X300) 1.500,00 1.500,00
Cassina L22-l23 S.W.B. 1 King Size Bed 4.971,50 4.971,50
Cassina L22-l23 S.W.B. 1 Bedspread 805,20 805,20
Cassina L22-l23 S.W.B. 2 Bedside Dx, Sx With Drawer Oak Finish 1.104,10 2.208,20
Flos Romeo Soft 2 Lamps 1.049,20 2.098,40
Tog Light Rock 1 Armchiar 83x71,5, H. 102 Cm 671,00 671,00
Flos Romeo Soft 1 Floor Lamp H160 X Diam. 50 Cm (P. Starck) 1.250,00 1.250,00
Textile (Courtain 150 X300) 1.500,00 1.500,00
Poliform Bangkok 1 Wardrobe* (L. 292xh. 259 Cm) 12.612,00 12.612,00
Poliform Graffiti 1 Wardobe*(L. 292xh. 259 Cm) 8.708,00 8.708,00
Cattelan Westin 1 Extraclear Glass Consolle 160x45xh.76 Cm 1.621,38 1.621,38
Kartell La Boheme 2 Stools Diam.33 H. 46 Cm 157,38 314,76
Driade Kosmo Egeso 5 Mirror Egeso Driade Kosmo 1.835,00 9.175,00
1 "L" Wadrobe 2.00x1.00m H 3.00 5.000,00 5.000,00
Cassina Lady 720 2 Armchiar "Lady 720" Cassina Marco Zanuso 3.490,00 6.980,00
Icon Edition
B&b Mera 1 Coffe Table With Glossy 2.108,00 2.108,00
Chrome Base And White Carrara Marble Top
D=90 H. 40cm
Flos Arco 1 "Arco Di Castiglioni "Lamp 1.950,00 1.950,00
Maxalto Pathos 1 Chromed Framed Consolle Glossy Laquered 3.052,00 3.052,00
Finish 150x45x H.73 Cm

efurbishment project
Garden Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Small
Bedroom
Living
Room
Dining
Room
Kitchen
Flou Plaza 2 Twin Bed With Adjustable Slats 2.450,00 4.900,00
(Dim. Mattress 100 X200)
Dim. 109 X227 H 44/118 O 143
Kartell Ghost 2 Clear Bedside Tables 40x37xh.57 Cm 259,00 518,00
Flos Chapo 2 Bedside Lamps H. 40 Cm 360,00 720,00
Textile (Courtain 150 X300) 1.500,00 1.500,00
Driade Neoz 2 Sofa 146x82xh.85 Cm With 5 Cushions 5.343,60 10.687,20
Driade Neoz 1 Sofa 206x82xh.85 With 5 Cushions 7.057,70 7.057,70
Cattelan Dielle 1 Coffe Table 100x100cm 1.137,00 1.137,00
Kartell Top Top 2 Table Diam.60 H. 72 Cm 382,00 764,00
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
Textile (Courtain 200 X300) 1.500,00 1.500,00
Flos Table Gun 2 Table Lamp H.92,4 Cm, Diam. 51 Cm Chrome 1.890,00 3.780,00
Poliform Wall System 1 Wall Bookcase And Tv L 260 H210 6.000,00 6.000,00
Driade Neoz 1 Table With Marble Top 210x90 Cm 3.825,00 3.825,00
Driade King Costes 12 Chairs 50,5x57x H.81 Cm 1.070,00 12.840,00
Cattelan Hilton 1 Extraclear Gloss Madia H74x184 3.500,80 3.500,80
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
Textile (Courtain 200 X300) 1.500,00 1.500,00
Driade Kosmo 3 Vases "Kosmo" Driade 175,00 525,00
Flos Cicatrices De Luxe 8 1 Chandelier H. 120/150 Cm 4.950,00 4.950,00
Driade Kosmo 2 Candelabra "Kosmo" Driade 877,00 1.754,00
1 Varenna Kitchen * 14.080,00 14.080,00
4 Stool - H 76 Cm - Emeco Des.p.s. 1.086,00 4.344,00
€latoT
177.587,14
*Kitchen with glossy lacquered doors, stainless steel top, sink with 1 welded tank in the top, stainless steel back, lights,
composed by: 1 removable sink base 60 cm, 1 dishwasher Miele, 1 oven base Foster, 1 base with two drawers ad one extractor,
1 Miele fridge/freezer, 1 dish drainer wall unit, 1 cabinet kitchen hood, 2 cabinets with swing doors, 1 New Form mixer, 1
Foster induction hob, 1 cutlery tray, 1 waste bins (300x60x H. 208 cm).

efurbishment project

Garden Suite
refurbishment project

efurbishment project
Ambassador Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Master
Bedroom
Bedroom
Small
Bedroom
Studying
room
near
bedrooms
Driade Neoz 1 King Size Bed 180x200 H200 (P.Starck) 4.404,00 4.404,00
Flou Mattress 1 Matress Dim. 180 X200 1.785,00 1.785,00
Adaptive H 22
Kartell Ghost 2 Bedside Tables 40 X 57 H X 47, (P.Starck) 259,00 518,00
Flos Miss K 1 Table Lamp H 43.2 X Diam. 23.6 (P. Starck) 250,00 250,00
Cassina Sled 1 Desk By Dordoni 170 X42/60 H 65 3.015,00 3015,00
Driade Neoz 1 Armchair 58 X57.5 X H 85 Tess. Cat.0 (P.Starck) 1.672,00 1672,00
Flos Arkimoon K 1 Table Lamp H. 57xdiam. 11 Cm 420,00 420,00
Flos Super Archimoon 1 Ground Lamp H. 214x L.242 X Diam. 55 Cm 6.900,00 6.900,00
1 Textile (courtain 150 x300) 1.500,00 1500,00
Poliform Bangkok 1 Wardrobe * 12.612,00 12.612,00
Minotti Powel Bed 1 Bed King Size 206x224 Cm, Cat. G 6.405,00 6405,00
Flou Mattress 1 Dim. 180 X200 1.785,00 1.785,00
Adaptive H 22
Kartell Ghost 2 Bedside Tables Trasparent 40x37xh.57 Cm 259,00 518,00
Flos Romeo Soft T1 2 Bedside Lamps H 67, Diam. 34 Cm 698,00 1.500,00
Maxalto Recipio '14 1 Desk With Drawer With Shellac Finish Dim 130 X60 3.712,00 3.712,00
Cassina Caprice 1 Leather Chair Cat. Y 909,00 909,00
Flou 1 Tessile Set Biancheria Letto 1.500,00 1.500,00
(Piumino, Copripiumino, Federe Guanciali, Sotto Teso)
Poliform Graffiti 1 Wardrobe * 8.708,00 8.708,00
Flou Plaza 2 Twin Bed With Adjustable Slats 2.450,00 4900,00
(Dim. Mattress 100 X200)
Dim. 109 X227 H 44/118 O 143
Flou Matress Adaptive 2 Matress Dim. 100 X200 1.070,00 2.140,00
Kartell Ghost 1 Clear Bedside Tables 40x37xh.57 Cm 259,00 259,00
Kartell Light Air 1 Table Lamp H 32 X 17 X14 162,00 162,00
Poliform Graffiti 1 Wardrobe * 8.708,00 8.708,00
1 Textile (Courtain 150 X300) 1.500,00 1.500,00
Cattelan Qwerty 1 Desk 120x72 Cm 1.310,00 1.310,00
Cassina Caprice 1 White Leather Chair Cat. Y 909,00 909,00
Flos Ara' 1 Table Lamp Diam. 17,5xh. 56,5 Cm 650,00 650,00
Cassina 212 L.W.S. 1 Armchair Sheathing Cat. L 4.130,00 4.130,00
Kartell Ghost Buster 2 Box 68 X 42 X H80 695,00 1.390,00
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
1 Textile (courtain 150 x300) 1.500,00 1.500,00

efurbishment project
Ambassador Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Entrance
Lounge
Living
Room
Living
Room
Dining
Room
Maxalto Pathos 1 Chromed Framed Consolle Glossy Laquered Finish 3.052,00 3052,00
150x45x H.73 Cm,
Dedon Play 1 Floor Lamp "Play With Dedon" Philippe Starck 9.785,00 9.785,00
Fiam Caadre 1 Mirror "Caadre" Fiam Philippe Starck 155x76 1.680,00 1.680,00
Kartell Uncle Jack 1 Small Sofa 190x75xh.99 Cm In Tranparent Polycarbonate 1.025,00 1.025,00
Driade Costes 2 Small Armchairs "Costes" Driade Philippe Starck 902,80 1.805,60
Kartell Abbraccio 2 Candelabra Polished Chrome Finish 20x11xh.25 Cm 139,00 278,00
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
Cassina Lazy Working Sofa 1 Sofa With Ground Plane Sx And Dx 9.570,00 9.570,00
(280x128xh.53/87) Cat. 0
With 4 Cushions 55x55 Cm Cat. 0
Dedon Play 1 Lampada Da Terra "Play With Dedon" 9.785,00 9.785,00
By Philippe Starck
Kartell La Boheme 4 Clear Stools Diam. 34xh.46 Cm 129,00 516,00
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
1 Textile (Courtain 150 X300) 1.500,00 1.500,00
Cassina My World 244 31 1 Sofa With Two Armrests "240", Fabric Cat. 0 7.810,00 7.810,00
With 4 Cushions
Cassina My World 244 31 2 Sofa 240x95xh47/80 With 2 Armrests, Fabric Cat. 0 7.810,00 15.620,00
With 4 Cushions
Driade Lou Read 2 Poltrone 70x76xh.120 Cm, Pelle Cat. Z 6.244,70 12.489,40
Cassina Mex 1 Transparent Glass Coffe Table 108x36xh. 24 Cm, 760,00 760,00
With White Painted Base
A.B.C. Giò Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
1 Textile (Courtain 150 X300) 1.500,00 1.500,00
Kartell Tip Top Mono 2 Side Table By P.S. Diam. 48 H 51 (White Or Black) 172,00 344,00
Flos Romeo Soft T1 2 Bedside Table Lamps H 67, Diam. 34 Cm 698,00 1.396,00
Kartell La Boheme 2 Orange Stools Diam. 34xh.46 Cm 129,00 258,00
Cattelan Valentinox 1 Consolle Dim 250 X 50 H 75cm 2.200,00 2.200,00
Driade
Kosmo Wells Ii E Wells Iii 2 Glass By Boris Sipek 660,00 1.320,00
Xo Oreil Qui Voit 5 Mirror "Oreil Qui Voit" By Philippe Starck
(Various Dimensions) 2.000,00 10.000,00
Cattelan Carioca 1 Table " Carioca" Cattelan Andrea Lucatello 2.690,00 2.690,00
300x120
Cassina Caprice 1 White Leather Chair Cat. Y 909,00 909,00
1 Textile (Courtain 150 X300) 1.500,00 1.500,00
A.B.C. Gio Ponti Carpet 1 Carpet Dim 200 X300 4.000,00 4.000,00
Flos Skygarden 1 2 Golden Pendant Lamps Matt Diam. 60 Cm 1.870,00 3.740,00

efurbishment project
Ambassador Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Service
Room
Breakfast
Room
Kitchen
Flou Plaza 2 Twin Bed With Adjustable Slats 2.450,00 4900,00
(Dim. Mattress 100 X200)
Dim. 109 X227 H 44/118 O 143
Flou Adaptive 2 Dim. 100 X200 1.070,00 2140,00
Kartell Ghost 1 Clear Bedside Tables 40x37xh.57 Cm 259,00 259,00
Flos Miss K 1 Table Lamp H 43.2 X Diam. 23.6 (P. Starck) 250,00 1.500,00
1 Textile (Courtain 150 X300) 3.000,00 3.000,00
Lema 1 L Wardrobe 2.00x H 260 3.000,00 3.000,00
Driade Cugino 1 Table D=120 H 72; 1.732,00 1.732,00
With Steel Base Painted Anthracite;
Tempered Glass Top 12mm; E.Mari
Driade Lago' 6 Sedie "Lagò" By P. Starck in Vari Colori 610,00 3.660,00
1 Varenna 1 Kitchen* 14.080,00 14.080,00
Emeco 4 Stool - H 76 Cm - Emeco Des.p.s. 1.086,00 4.344,00
€latot
0,913.052
* Wardrobe with leather-panelled sliding doors, oak interior, with 3 shelves, 1 chest of drawers 4 drawers, glass front, 5 coat
hook and lights (L. 292xh. 259 cm).
*Kitchen with glossy lacquered doors, stainless steel top, sink with 1 welded tank in the top, stainless steel back, lights,
composed by: 1 removable sink base 60 cm, 1 dishwasher Miele, 1 oven base Foster, 1 base with two drawers ad one extractor,
1 Miele fridge/freezer, 1 dish drainer wall unit, 1 cabinet kitchen hood, 2 cabinets with swing doors, 1 New Form mixer, 1
Foster induction hob, 1 cutlery tray, 1 waste bins (300x60x H. 208 cm).

Ambassador Suite
refurbishment project

efurbishment project

Ambassador Suite
refurbishment project

efurbishment project
Executive Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Closet
Small
Kitchen
open
on the
living
Room
Bedroom
Bedroom
Poliform Bangkok 1 Wardrobe with leather-panelled sliding doors, 12.612,00 12.612,00
oak interior, with 3 shelves, 1 chest of drawers,
4 drawers, glass front, 5 coat hook and lights
( 292xh. 259 cm)
Poliform Graffiti 1 Wardrobe with leather-panelled sliding doors, 8.708,00 8.708,00
oak interior, with 3 shelves, 1 chest of drawers,
4 drawers, glass front, 5 coat hook and lights
(292xh. 259 cm)
Varenna Matrix 1 Kitchen with glossy lacquered doors,
stainless steel top, sink with 1 welded tank in the top, 17.080,00 17.080,00
stainless steel back, lights, composed by:
1 removable sink base 60 cm,
1 dishwasher Miele, 1 oven base Foster, 1 base
with two drawers ad one extractor,
1 Miele fridge/freezer, 1 dish drainer wall unit,
1 cabinet kitchen hood, 2 cabinets with swing doors,
1 New Form mixer, 1 Foster induction hob,
1 cutlery tray, 1 waste bins (300xD. 60x H. 208 cm )
Emeco Icon by Stark 4 Stool polished- 40x54x h. 75/106 cm 1.716,00 6.864,00
Cassina Volage 1 King Size Bed, headboard h 190 cm, leather coating cat.O 9.530,00 9.530,00
Cassina Romeo 2 Appliques "Romeo"for Volage 330,00 660,00
Per Letto Volage
Cassina Comodini 2 Crystal bedsides 33x.33XH. 57 cm 835,00 1.670,00
per Letto Volage
Flos Romeo Soft 1 Floor lamp mod Piantana 50 H. 160 cm 1.230,00 1.230,00
Maxalto Sidus 1 Dark stained oak desk 110x.46 2.822,00 2.822,00
Cassina Passion 1 Armchair with conchrome legs scotland 1.220,00 1.220,00
quilted leather, leather shell 58x57xH.45/79 cm
A.B.C. Gio' Ponti Carpet Carpet 300x200 cm 4.000,00 4.000,00
1 Courtain 150x200 cm 1.008,00 1.008,00
Cassina L22/L23 1 King Size Bed fabric coating, wired + bedsides dx e sn 4.380,00 4.380,00
with drawers maple finish +2 "Romeo Soft" T1 by Flos
Cassina Top 1 Maple top 1.085,00 1.085,00
Cassina 2 Bedsides with drawers maple finish 1.085,00 2.170,00
Cassina Romeo Soft By Flos 2 Table lamp 867 1.734,00
Flos Romeo Soft 4 Floor Lamp diam. 50 H. 160 cm 1.230,00 4.920,00
Fiam Caadre 1 Mirror.105XH.195 cm 2.350,00 2.350,00
Kartell Heros 1 Chair with chrome base 62X79XH.70cm 308,00 308,00
A.B.C. Gio' Ponti Carpets 1 Carpet 300x200 cm 4.000,00 4.000,00
1 Courtain 150x200 cm 1.008,00 1.008,00

efurbishment project
Executive Suite
Rooms
Brand Name N Description €UnitPrice
€Total Price
Living
Room
Living
Room
Cassina Mister 1 Sofa, with feather padding and fabric, 234x104 7.502,00 7.502,00
Cassina Mister 2 Cushion fabric 45x37 cm 340,00 680,00
Cassina Mister 2 Cushion fabric 62x62 cm 495,00 990,00
Cassina Passion 2 Armchair with wood legs and leather coating cat. O, 690,00 1.380,00
58x57xH. 79
Kartell Top top 1 Square table 130x130 cm 2.080,00 2.080,00
Tog Saint John 6 Chair not yet in production cost indicative 1.000,00 6.000,00
With Steel Base Painted Anthracite;
Dedon Rayan 1 Coffe table 88x88 H. 25 cm 1.720,00 1.720,00
Dedon Rayan 1 Coffe table 176x88 H. 25 cm 2.825,00 2.825,00
Flos Biblioteque National 2 Floor lamp 40 h. 150 cm 1.650,00 3.300,00
A.B.C. Gio' Ponti Carpets 1 Carpet 300x200 cm 4.000,00 4.000,00
1 Courtain 150x200 cm 1.008,00 1.008,00
€latot
0, 13.901

efurbishment project

Executive Suite
refurbishment project

efurbishment project
Bathrooms
Rooms
Description
um
n
$UnitPrice
$Total Price
3 Suites
orhtablluF sm
n 9
17,667.00 158,996,00
orhtabflaH sm
n 2
7,074.00 14,137.00
Total bathrooms supply 0. 0,371
Description
um
n
€UnitPrice
€Total Price
Full
Bathroom
Half
Bathroom
Globo Forty 3 Wc Wall-hung 57x36 n 1 360,00 360,00
Globo Forty 3 Bidet Wall-hung 57x36 n 1 360,00 360,00
CcW3ytroFobolG revo
n 1
128,00 128,00
Punto Tre Furniture With Double Mirrored Cabinet n 1 3.250,00 3.250,00
Novellini Nexis A 100x80 Hammam n 1 5.943,00 5.943,00
Eiffelgres Floor And Wall Coating 30x60 Mq. 25 65,00 1.625,00
oTkniSilon napaC regnaHslew
n 1
79,00 79,00
Hllo redlo Rilon napaC n 1
39,00 39,00
napaC HhsurBilon redlo
n 1
75,00 75,00
napaC regnaHilon
n 1
22,00 22,00
Capannoli Bidet Towels Hanger n 1 70,00 70,00
Geda Sink Mixer Polished Stainless n 2 312,00 624,00
Geda Bidet Mixer Polished Stainless n 1 312,00 312,00
(taV+ecirPlato T2.835,14) 15.722,14
Globo Forty 3 Wc Wall-hung 57x36 n 1 360,00 360,00
CcW3ytroFobolG revo
n 1
128,00 128,00
Punto Tre Furniture With Mirrored Cabinet n 1 2.450,00 2.450,00
Eiffelgres Floor And Wall Coating 30x60 Mq. 25 65,00 1.625,00
oTkniSilon napaC regnaHslew
n 1
79,00 79,00
Hllo redlo Rilon napaC n 1
39,00 39,00
napaC HhsurBilon redlo
n 1
75,00 75,00
napaC regnaHilon
n 1
22,00 22,00
Capannoli Bidet Towels Hanger n 1 70,00 70,00
Geda Sink Mixer Polished Stainless n 1 312,00 312,00
(taV+ecirPlato T1.135,20) 6.295,20
N.b. By "Full bathroom" it is considered: the complete supply of furniture, including toilet and bidet, double sink with
suspended cabinet and mirror cabinet, shower/sauna, faucets and bathroom accessories, lighting, floor and wall coatings.
N.b. By "Half bathroom" it is considered: the complete supply of furniture, including toilet, sink with suspended cabinet
and mirror cabinet, faucets and bathroom accessories, lighting, floor and wall coatings.

efurbishment project
Kitchens
Description
n
$UnitPrice
$Total Price
Complete Set Of Professional Cooking Pots 4 1,442.00 5,768.00
Complete Set Of Professional Cooking Tools 4 1,103.00 4,412.00
Complete Set of Plates Glasses and Silverware n. 12 pax 4 19,893.00 79,572.00
Tablecloths and napkins n. 12 pax 8 630.00 5,040.00
ylpus smeti nehctik latoT 94,792.00
Firm
Code Description q
€Price
Sambonet
Lagostina
R.Ginori
Baccarat
Sambonet
Love Tiffani
ùneM scp 32 stopyrettab 1
1.283,00
I Cucinieri set 67 pcs kitchenware 1 982,00
Giò Ponti service plates 53 pcs 1 4.285,00
"Catena o Labirinto" coffee service 15 pcs 1 1.807,00
scp51ecivreseht 1
1.949,00
Vega 1365102 water glass 12 1.560,00
Vega 1365103 wine glass 12 1.560,00
Vega 1365109 flut 12 1.560,00
Giò Ponti silverplated flatware 75 pcs 1 3.097,90
krof elbat 21
418,80
mnopsaet ahco
21
250,80
krof hsif 21
418,80
efinkhsif 21
418,80
krof tresed 21
378,00
Country Cream 8826635 tableclot cm.175x280 2 320,00
ot wle
42
240,00
Total € 01,925.02

efurbishment project
Bedrooms and Bath Linens
Rooms
Description
um
q
$UnitPrice
$Total Price
Executive
suite (4 pax)
Garden
suite (6 pax)
Ambassador
suite (5 pax)
N.B.
3 Suites
N.B.
Spa and gym
deBeziSgniK teS etelpmoC n 3
1,170.00 3,510.00
deBezis niwT teS etelpmoC n 6
867.00 5,202.00
deBeziSgniK teS etelpmoC n 6
1,170.00 7,020.00
deBezis niwT teS etelpmoC n 6
867.00 5,202.00
deBeziSgniK teS etelpmoC n 6
1,170.00 7,020.00
deBezis niwT teS etelpmoC n 3
867.00 2,601.00
The Complete sets include: bed sheets, pillow cases, duvet covers, duvets 100% goose feathers cushions in 100% goose feathers.
Complete set of personalized bathroom towels n 30 377.00 11,310.00
The complete Bathroom sets include: Personalized Bathroom towels in Natural Sponge.
Complete Set Wellness Towels n 03
0.052,2 0.57
T blato enilde sn u p ylp
49,317.00
Description
um
q
€UnitPrice
€Total Price
Executive
Suite
Garden
Suite
1 King size Bed
T o tehsp
2
158,00 316,00
B oto tehsdetifm
2
103,00 206,00
olliP sesacw
8
45,00 360,00
D revoc tevu
2
250,00 500,00
Duvet 100% goosedown gr. 100/mq cm. 250x215 1 238,00 238,00
nwodesog%01 sesac wolliP 4
28,00 112,00
niS2 Belg e ds
T o tehsp
4
120,00 480,00
B oto tehsdetifm
4
66,00 264,00
oliP sesacw
8
45,00 360,00
D u vcteo v re
4
190,00 760,00
Duvet 100% goosedown gr. 100/mq cm. 155x215 2 159,00 318,00
nwodesog%01 sesac wolliP 4
28,00 112,00
2 King Size Beds
T o tehsp
4
158,00 632,00
B oto tehsdetifm
4
103,00 412,00
oliP sesacw
61
45,00 720,00
D u vcteo v re
4
250,00 1.000,00
Duvet 100% goosedown gr. 100/mq cm. 250x215 2 238,00 476,00
nwodesog%01 sesac wolliP 8
28,00 224,00

tehspo
refurbishment project
Rooms
Description
q
€UnitPrice
€Total Price
Garden
Suite
Ambassador
Suite
2 Single Beds
T o tehsp
4
120.00 480,00
B oto tehsdetifm
4
66.00 264,00
oliP sesacw
8
45.00 360,00
D u vcteo v re
4
190.00 760,00
Duvet 100% goosedown gr. 100/mq cm. 155x215 2 159,00 318,00
nwodesog%01 sesac wolliP 4
28,00 112,00
2 King size Beds
T 4
158,00 632,00
B ototehsdetifm
4
103,00 412,00
oliP sesacw
61
45,00 720,00
D u vcteo v re
4
250,00 1.000,00
Duvet 100% goosedown gr. 100/mq cm. 250x215 2 238,00 476,00
Pillow cases 100% goosedown 8 28,00 224,00
1 Single Bed
T o tehsp
2
120,00 240,00
B oto tehsdetifm
2
66,00 132,00
oliP sesacw
4
45,00 180,00
D u vcteo v re
2
190,00 380,00
Duvet 100% goosedown gr. 100/mq cm. 155x215 1 159,00 159,00
nwodesog%01 sesac wolliP 2
28,00 56,00
Bathrooms
White terry cloth towel cm. 150x130 30 43,00 1.290,00
White terry cloth towel cm. 110x60 30 28,00 840,00
White terry cloth towel cm. 60x40 30 16,00 480,00
White terry cloth towel cm. 30x30 (face towel) 30 9,00 270,00
White terry cloth bath mat cm. 60x90 15 50,00 750,00
White terry cloth bathrobe size L 15 95,00 1.425,00
White terry cloth bathrobe size M 15 95,00 1.425,00
Spa and Gym Spa x 9
White terry cloth towel cm. 150x100 18 40,00 720,00
04x07 .mc slewot etih W 81
18,00 324,00
03x03 slewot ettevaL 81
9,00 162,00
Spa x 6
01x051 .slewot etih W 21
40,00 480,00
White terry cloth towel cm. 70x40 12 18,00 216,00
White terry cloth towel cm. 30x30 (face towel) 12 9,00 108,00
€latoT 22.885,00

oitalats
refurbishment project
Gym Equipment
Rooms
Description
um
q
$Total Price
Executive and Ambassador suite
Getelp erutinruFm oC y m
5qm
70,348.00
Garden suite
Getelp erutinruFm oC y m
63qm
47,905.00
ylpusm yg latoT 118,253.00
€ Total Price
Executive
and
Ambassador
Suite
dradnatS llimdaerTm yGonhceT .n 1
eniL 16.240,00 oidraC
TechnoGym Vario Standard n. 1 Cardio Line 11.990,00
TechnoGym Recline n. 1 Cardio Line 7.890,00
Technogym Rubber Mat n. 4 Strength Line 120,00
Technogym Plurima Wall n. 1 Strength Line 10.490,00
Technogym Crunch Bench n. 1 Strength Line 1.040,00
Technogym Adjustable Bench n. 1 Strength Line 750,00
Technogym Rack n. 1 Strength Line 590,00
etI sm latoT 50.360,00
noitallatsnI dna yrevileD 971,12
T tav+lato
62.623,97
Garden
Suite
07 ygonhceT enihcamnuRm
.n 1
eniLoidraC 9.517,00
07 enilceRm ygonhceT .n 1
eniLoidraC 6.775,00
07 ygonhceT sorCm
.n 1
eniLoidraC 8.691,00
T ce h n o g y mR u b b Mre ta
.n 1
eniLhtgnertS 30,00
kcaR senlleWm ygonhceT .n 1
eniLhtgnertS 560,00
noisiV siseniKnoisiV .n 1
siseniK 8.056,00
etI sm latoT 33.609,00
D vile re ay n nId n
1.325,91
T tav+lato
42.644,99

efurbishment project
Wellness and Spa
Description
um
q
$Unit Price
$Total Price
Executive and Ambassador suite 83qm
deBytuaeB 2
5,043.00 10,089.00
Garden suite 63qm
deBytuaeB 2
5,043.00 10,089.00
ylpus aps latoT 20,178.00
N.B.
The selected beauty beds, model Gemya EVO brand Lemi Starpool, have been chosen for their pleasing aspect considering
their use of a suite.

efurbishment project
Common Space
Description
um
q
$Total Price
Pool Table Restaldi Mod. Palatino
For American Pool (254x127cm) n. 1 10,561.00
sgnitaesretaeh T 51.n
9,570.00
T lato
20,131.00
Pool Table Details
Pool Table Restaldi Mod. Palatino For American Pool 100% Made In Italy Game Lamp Cm 254x127,
For Competitions Total Measurments - Cm 289x162 - 9’ft - Wood Color At Your Choice -
Custom (Customized Pool Tables) Grinding Centesimal Game Plan - Unique In The World
Game utilities included: (Pictures on: www.giochi.restaldi.com).
1 Pool cues holder, same color.
4 Pool cues
1 Pebbles set Pool Aramith S. diam. Mm. 57,2
1 Wood triangle
1 box of chalks. Six cubes
1 Bridge
1Brush
1 Pool table cover
Total 9.400,00
€Unit Price
€Total Price
Theater details
S e Hta ylo 1
02.n
251,90 5.038,00
2ylloHtsermrAthgiartS n 52
72,60 1.815,00
4ylloHkcaRenizagaM n 01
15,80 158,00
T lato
7.011,00
ocsiD u tn
-361,00
stso CnoitatropsnarT 332,00
T lato
6.982,00

tzxzs0
refurbishment project
Tv’s
Rooms
Description
um
q
$Unit Price
$Total Price
Executive
Suite
Garden
Suite
Ambassador
Suite
Smart tv 55” mod. Samsung Smart TV - 55h6670szxzt n. 2 1,488.00 2,976.00
Smart tv 85” mod. Samsung - Qm85d monitor led 85” lh85qmdplgc/en n. 1 12,012.00 12,012.00
Smart tv 55” mod. Samsung Smart TV - 55h6670szxzt n. 2 1,488.00 2,976.00
Specchio Cadre TV / Televisore -
Schermo lcd 42” sony integrato - 155 x 140 cm - fiam n. 1 7,666.00 7,666.00
Smart tv 85” mod. Samsung qm85d monitor led 85” lh85qmdplgc/en n. 1 12,012.00 12,012.00
S m 5vttra 5m” o aS.d m us n 5-vttra sg 5h667 m
.n 1 1,488.00 1,488.00
Specchio caadre tv / televisore - schermo lcd 42” sony integrato - n. 2 7,666.00 15,332.00
maif - mc 041 x 51
Smart tv 85” mod. Samsung qm85d monitor led 85” lh85qmdplgc/en n. 1 12,012.00 12,012.00
Total TV's supply 66,474.00

efurbishment project
Landscape Design
Rooms
Description
um
n
$Total Price
Garden
Suite
and appropriate intervention of landscape green design.
detacitsihpos 02qm a fonoitcurtsnoc htiw ,nedrag dehsinruf ylluF 140,445.00
Ambassador
Suite
Rooftop
erutinruf 1ecaret etelp oC m
qm 73
34,403.00
erutinruf 1ecaret etelp oC m
qm 9
12,191.00
erutinruf potfoRetelp oC m
qm 09
80,934.00
ylpus epacsdnal latoT 267,973.00
Ambassador Terrace 1
The complete landscape design furniture includes: plants shrubs and garden irrigation system.
The complete garden furniture includes the following elements: tall trees, furniture and garden irrigation system.
Description Code q €UnitPrice €Total Price
Complementary Furnishing
Tuscan Terracotta Vases terraetrusca 70 9 299,00 2.691,00
Tuscan Terracotta Vases terraetrusca 82 5 299,00 1.495,00
Tuscan Terracotta Cones terraetrusca 0,75 5 383,00 1.915,00
Soil for pot 80 lt. 55 9,00 495,00
yalc dednapxE gib
8
14,00 112,00
atocaretni eishtoT acsurtearet
67
3,00 228,00
0,639.6 latoT
Plants
E u eg N.Main ew trop
23Ø
81
65,00 1.170,00
P u W.Gacin o n d lufre
26Ø
2
850,00 1.700,00
snosaeS4 .LsurtiC 26Ø
3
420,00 1.260,00
*stnalpnaenaretideM 03Ø
5
35,00 175,00
Battery irrigation system Price-to-hand 1 2.000,00 2.000,00
latoT 6.305,00
Furnishing Elements
sriahcmraelbaT M late
9
195,00 1.755,00
Patio umbrella 4x3 Lateral support 1 1.900,00 1.900,00
ottolas Wcik e .Lr
1
5.600,00 5.600,00
eugnol esiah C M late
2
370,00 740,00
* Lavandula, Helichrysum, Rosmarino, Salvia
Total 9.995,00

5ria
refurbishment project
Landscape Design
Ambassador Terrace 1
$Total Price
Ambassador Terrace 2
seilpus latoT 23.236,00
segairaC 800,00
M opna rew
3.980,00
gnithgiL 2.600,00
1 rodasabm AecareT latoT 30.616,00
Description Code q €UnitPrice €Total Price
Complementary Furnishing
Tuscan Terracotta Vases terraetrusca 77 2 299,00 598,00
Tuscan Terracotta Vases terraetrusca 37H 2 310,00 620,00
Tuscan Terracotta Cones terraetrusca 0,75 3 383,00 1.149,00
S lio
8 0L .t
42
9,00 216,00
yalc dednapxe gib
3
14,00 42,00
atocareTni eishtoT acsurtearet
82
3,00 84,00
0,907.2 latoT
Plants
obmaBX .syhcatsollihP 23Ø
4
65,00 260,00
.G ai 42Ø lebA 2
30,00 60,00
stnalpnaenaretide M 03Ø
3
35,00 105,00
Battery Irrigation System Price-to-Hand 1 900,00 900,00
Total 1.325,00
Furnishing Elements
a rmch 8
m late
3
195,00 585,00
Patio Umbrella 3x3 retractable lateral support 1 1.900,00 1.900,00
R o u n atd melb late
1
960,00 960,00
eugnol esiahc m late
1
370,00 370,00
Total 3.815,00
Total supplies 0,948.7
Carriages 0, 04
Manpower 0, 08.1
Lighting 0, 08
2 rodasabm AecareT latoT 10.849,00

efurbishment project
Landscape Design
Common Rooftop Terrace
Description Code q €UnitPrice €Total Price
Complementary Furnishing
Tuscan Terracotta Vases Terraetrusca 77 26 285,00 7.410,00
Tuscan Terracotta Vases Terraetrusca 90H 3 310,00 930,00
Tuscan Terracotta Vases Terraetrusca 90 3 269,00 807,00
Tuscan Terracotta Cones Terraetrusca 0,75 8 383,00 3.064,00
sesaVredroB 06 attocareT
8
399,00 3.192,00
S lio
fo pr 8to 0L .t
061
9,00 1.440,00
yalc dednapxE gib
02
14,00 280,00
Toothsie in terracotta terraetrusca 170 3,00 340,00
0,364.71 latoT
Plants
obmaB .XsyhcatsollyhP 06Ø
61
65,00 1.040,00
P u W.Gacin o n d lufre
26Ø
1
850,00 850,00
snosaeS4 .LsrutiC 26Ø
4
420,00 1.680,00
M stnalPnaenaretide
03Ø
8
35,00 280,00
biV urn u mL u dic u m.T
03Ø
02
48,00 960,00
E u eg N.Main ew trop
23Ø
63
65,00 2.340,00
Battery Irrigation System Price-to-hand 1 2.800,00 2.800,00
latoT 9.950,00
Furnishing Elements
85 sriahcmrAelbaT m late
9
195,00 1.755,00
ilavo ilovat m late
3
946,00 2.838,00
Patio Umbrella 3,5 x 7,0 V lateral Side Support 1 3.650,00 3.650,00
Patio Umbrella 4,0 X 8,0 V lateral Side Support 1 4.150,00 4.150,00
afos nattar
1
2.800,00 2.800,00
afos Wcik e .Lr
1
5.600,00 5.600,00
T a elb
m late
1
6.250,00 6.250,00
85 sriahcmrAelbaT m late
41
195,00 2.730,00
eugnol esiahc m late
2
370,00 740,00
latoT 30.513,00
Total supplies 0,629.75
Carriages 0, 02.1
Manpower 0, 03.8
Ligthing 0, 06.4
Total common Terrace 0,620.27

tropp
refurbishment project
Landscape Design
Garden
Description Code q €UnitPrice €Total Price
Complementary Furnishing
Flooring cubes porfyry 10x
finished in Trani stone Porfyry 10X 135,00 18.900,00
Tuscan Terracotta Vases terracotta 90 14 310,00 4.340,00
Tuscan Terracotta Cones terracotta h 0,75 6 383,00 2.298,00
Tuscan Terracotta Vases terracotta 60 48 399,00 19.152,00
S lio
tl05liosdica
09
9,00 810,00
S lio
s flio o pr 8to .tl0
06
9,00 540,00
L aolip
06,0 ollipaL m .cluV 4
90,00 360,00
W usn
51Ø
61
18,00 288,00
Battery irrigation System Price-to-hand 1 2.800,00 2.800,00
edoo
Plants
Camellia J. Mrs Tingley For partition Pot Ø 46 14 280,00 3.920,00
Tlla
S serh
m
P Øto 06ØtoP
61
600,00 9.600,00
Pieris Forrest Flame Pot Ø 62 16 160,00 2.560,00
Camellia J. Debutante Pot Ø 62 20 450,00 9.000,00
Azalea J. Blue Danube Pot Ø 46 12 380,00 4.560,00
latoT 29.640,00
Furnishing Elements
Patio umbrella 4x4 lateral support 4 1.900,00 7.600,00
hcuoC rekciW
3
4.500,00 13.500,00
aT lb 8 lp e secalp8elbaT ateMl ollateM
1
2.900,00 2.900,00
Table armchairs 58 Metallo 8 195,00 1.560,00
latoT 25.560,00
0, 84.94 latoT
Total supplies 401 .6 0, 86.401
Carriages ,06.1 0, 06.1
Manpower 9 5. ,0 0, 05.9
R rotse ita o w ork n krownoitarotseR 3.200,00
Ligthing , 00.6
0, 0.6
Total Garden 0, 89.421
In addition, on request, we can predict the predisposition for a future installation of a HiFi sound system global and also in
its implementation. In this case we would be ready to submit a project with its budget.

value of the company
-145 -

Cantera and Associates Inc. CPA
Both Privilege Privacy Prestige LLP and P.P.P Partnership are located at 2300 Coral Way, Miami. FL, 33145 at Cantera
and Associates Inc office.
Cantera and Associates Inc is one of the most prestigious accounting firm in Miami. It was established in Miami October
1961, now employs a staff of approximately 20 people.
Mrs. Vivian Williams is the CEO of Cantera & Associates. As the fourth generation leading the accounting firm
together with her mother, Amada Lopez-Cantera, she has expanded the original client base of the local Hispanic family
businesses to include large multinational and international clients. She has been a member of the South Florida Hispanic
Chamber of Commerce and is active in local charities such as Centro Mater, American Cancer Society and Big Brothers
Big Sisters of Miami and serves on the board of the US Cuba Democracy PAC and The Baptist Health Foundation.
Bernhard Law Firm PLLC by Mr. Andrew J. Bernhard
In recognition for his work, Super Lawyers Magazine designated Andrew as a Rising Star, which is awarded to less
than 2.5% of Florida lawyers. Bernhard Law Firm is a litigation and transactions law firm. Bernhard Law Firm manages
trials and appeals in business and financial disputes, and organizes international real estate and finance deals for
investment groups. Bernhard Law Firm concentrates on complex fraud litigation, business and finance disputes, and
consumer claims. Bernhard Law Firm represents corporations and individuals in connection with banking, contract,
investment, and property matters.

President and Chief Executive Office
Mrs. Barbara savalli
• Ranked in the top ½ of 1% of Realtors in the BHHS Network
• Experienced Negotiator
• Trained Mediator
Berkshire Hathaway HomeServices-Florida Realty
• A network of combined offices throughout lower Florida that are open for walk-ins 7 days a week
• Marketing programs that target buyers worldwide
• Strong connections within major markets
Barbara Savalli Success Tools
• 130 National Newspaper and Magazine publications throughout North and South America
• HGTV, Wall Street Journal, DuPont, Fine Homes International, Mobile App, Pop-A-Note
• Internet advertising on all major search engines
• The most sophisticated high tech selling tools to market and sell their client’s properties
• Your l istings are showcased on Realtor.com. BarbaraSavalli. com Websi te. Berkshire Hathaway HomeServices
Florida Realty’s website and virtual tours PLUS given their own website i d number.
• Target audience internet marketing – Evening and Aerial Photography
Designations
• FIABCI Member (International Consortium of Top Brokers)
• BHHS LUXURY COLLECTION Ranking in the top ½ of 1% of Realtors in the Network
• CIPS-Certified International Property Specialist
• TRC – Transnational real estate certification
• Certified Strategic Marketing Specialist
• BHHS Chairman’s Circle Diamond and Gold Award Winner (year after year)
• SFR Certified (National Certification) (Short Sales, Foreclosures)
• Going Green Certification (The Environmental Movement in Real Estate)
Community Caring
• Chaired Successful Fund Raiser for Sunshine Kids (a Children’s Cancer Organization) and partnered with
Bloomingdales and raised $15,000.00
• Affiliation as a certified vendor of Women Certified (helping business become women friendly and help women
find those businesses)

Professional Team in
Auditor
Mr. Simone D’Ambrosi
November 1989: Graduated cum laude in Business Administration at the “Libera Università degli Studi Sociali” (L.U.I.S.S.)
of Rome.
January 1990 – July 1993: Professional activity at the Locatelli – Della Chiesa accounting firm at Via Sardegna 50,
Rome, first as a trainee and then as an associate. During this period, Mr. D’ Ambrosi dealt with problems concerning tax,
corporate, and commercial issues for medium-sized to large businesses.
In regard to appraisals, he participated actively in the appraisal of companies and company divisions, even large companies
(Lloyd’s International Insurance Company S.p.A. / Division of B.P. Italy S.p.A.). Together with the heads of the firm, he
also provided assistance for extraordinary transactions such as conversions, mergers, and winding-up of medium-sized
companies.
From October 1990 to June 1991 he participated in the Specialization Course in Tax Law and Company Tax Accounting
at the School of Management of the Free International University of Social Sciences;
From February 1992 to September 1992 he participated in the training course on “International Tax Law” at the School of
Political Sciences of La Sapienza University in Rome;
Since July 1993 he heads his own firm in Rome, first at Via Romeo Romei 23, then at Via M. Ficino 5, later at Via
G.B. Martini 6, and currently at Via di Villa Ada 10, with a client base including commercial and industrial companies for
which he provides tax and corporate consulting; for some companies he also provides administrative assistance. In the course
of his own activity, he continues his cooperation with the Locatelli – Della Chiesa firm, concentrating specifically on widely
relevant issues such as expert appraisals, specific corporate transactions, and consulting regarding specific transactions.
He periodically acts as a legal consultant in procedures that concern companies that are his clients.
He has engaged in appraisals for Cassa di Risparmio di Viterbo (Intesa Banking Group).
He has worked for the magazine La Società, published by Ipsoa Publishing;
In the year 1994 he attended the training course for bankruptcy administrators organized by the Association of Graduate
Accountants of Rome – Training School for Bankruptcy Administrators.
From November 9 to December 7, 1999, he participated in the Seminar organized by the Bar Association of Rome,
the Association of Graduate Accountants of Rome, and the Engineers’ Association of the Province of Rome in cooperation
with the Chairman of the Court of Rome on “Technical Consultancy in Civil Proceedings”.
He is a member of the Association of Graduate Accountants and Expert Accountants of Rome since March 10,
1992 (Registration number AA_003761)
He is a member of the Board of Statutory Auditors, holding membership number 66295 (Ministerial Decree of
July 26, 1995 – published in the Official Journal, 4th special series of August 1, 1995, no. 59 bis).
He is a member of the Board of Court-Appointed Expert Witnesses - Civil Section of the Court of Rome since February
10, 2000.
He is a member of the Board of Court-Appointed Expert Witnesses - Penal Section of the Court of Rome since
December 6, 2001.
In 2001, with his colleague Mr. Mario Mastrantoni of Viterbo, he founded “Sintema Servizi” S.r.l. (L.L.C.), a company
still in operation, founded in order to process accounting data and provide a wide range of business services, which
numbers various clients, including notably Allergan S.p.a., a company active in the pharmaceutical sector, for which it has
undertaken the activity of managing its national network of commercial agents on an outsourcing basis.
At this form, he works in a team with payroll accountants and lawyers.
He is also a member of the Board of Auditors of the Fioranello Real Estate S.p.A. company, with its headquarters
in Rome at Le Falcognane (company capital: 5,390,000,000 euro).
He has held the office of member of the Board of Auditors of the following companies:
Techim S.r.l. (L.L.C.); Ecocentro S.p.A.; Erica Ceramics S.p.A. and Erica S.p.A.; Gruppo Tre S S.p.A.; C.T.C. S.r.l. (L.L.C.);
Nepesina S.p.A.

Auditor
Mr. Marco De Paolis
Degree in Economics and Business Administration at the “Libera Università degli Studi Sociali” (L.U.I.S.S.) of Rome.
From December 2008 until today: Self-employed professional accountant property administrator.
Consultant accountant, accounting, financial statements, and in general all tax obligations, asset management and real
estate consulting, labour consultancy, at “Sintema Servizi” S.r.l.
Property administrator, although the exercise of administration condominiums was already covered by the qualification
of chartered accountant, in view of the specific legal obligations regarding periodic training, established in the recent
communal reform, from 2014 registered at n° 4989 of the Anaci (National Association of Condominium and Real Estate
Managers), and auditor of the same association, province of Rome.
From December 2008 until September 2014: Administration and management control of a group of four companies
and two non-profit associations active in the field of insurance mediation, TemaA S.r.l., Previasme S.r.l. PreviaServizi
S.r.l. Assomedico and Fondazione Previasme maintaining multiannual relations with the supplementary insurance agency
of Galeno physicians.
From November 1992 until September 2008: In Ecocentro S.p.A. (Level of turnover 15.000.000 euro and 60 employees).
Administrative Director and financial controller controlled starting from 1993 and until 2000 by the American multinational
group Waste Management, (Level of turnover 15.000.000 euro and 60 employees), with the qualification of manager
from 1994.
As part of this work experience, he performed the following:
• Preparation of the budget - reporting;
• Control and coordination of the billing offices, general accounting, suppliers and debt recovery, formed by five people;
• Preparation of financial statements and tax returns;
• Relationship management with attorneys, Credit institutions, Italian Revenue Agency, legal auditing company, Board of
Statutory Auditors and its parent company;
• Human resources management and labour relations advisors for the preparation of payroll;
• Organized and implemented a basic administrative structure adapted to the multinational standards, in terms of performances
and procedures;
• Coordinated two conversions of accounting and reporting programs (JDEdwards and Team System - Range) and a man
agerial program (Ecosoft).
From December 1990 until September 1992: Collaborator at professional firms of Accountants.
In this experience, he delved into fiscal issues, and some extraordinary operations such as mergers and corporate contributions.
From October 1988 until November 1990: Independent Auditors, Deloitte & Touche.
In this experience in the field of auditing, he reached full working autonomy.
Qualifications obtained:
Qualification as a Chartered Accountant, collegiate in Rome with registration in the national register since 13 June 1989.
Auditor registered according to the Decree of the Ministry of Justice of 12 April 1995.
Other positions:
From the 10/09/2002 until September 2007, he was appointed by the Ministry of economy and finance as Chairman of the
Board of Auditors of the scholastic geographical area n° 41 of the Lazio Region, province of Rome.
From 2015 until today Statutory Auditor of the Finworld S.p.A.
From 2013 until today Statutory Auditor of the Olimpia Agency S.p.A.
From 2014 until today Auditor of the National Association of Condominium managers
From 2010 until today Statutory Auditor of the Gabriele Sandri Foundation.
From the 2008 until 2010 Statutory Auditor at Erica S.p.A.