Equity Residences has acquired a historic Florence apartment for €2.8m as part of a programme promising up to 15% yields for investors.
The 210-square-metre residence, set within a 16th century palace, represents a rare opportunity to own and enjoy a fully licensed short-term rental home in one of Europe’s most tightly regulated and culturally significant destinations.
Carefully restored over a five-year period, this integrates modern amenities whilst preserving its original frescoes from what was once the palace’s historic library.
The result is a unique blend of Renaissance character and contemporary comfort, featuring updated bathrooms, a fully equipped kitchen, and elegant hardwood flooring throughout.
With the Duomo just a two-minute walk away, guests will also enjoy the private balcony with direct views of the famous dome. The apartment has the convenience of elevator access from the first-floor residence. The apartment is expected to become available for use from May.
Equity Residences identified the opportunity in early December and undertook extensive due diligence to ensure compliance with Florence’s strict short-term rental regulations.
The acquisition was ultimately structured as three coordinated transactions, encompassing the property, the associated business activity required for licensing, and bespoke furnishings.
Florence, regarded as the cradle of the Renaissance, continues to attract global travellers drawn to its unparalleled cultural heritage.
From Michelangelo’s David at the Accademia Gallery to the architectural brilliance of the Duomo, the masterpieces of the Uffizi Gallery, and the historic Ponte Vecchio, the city offers an enduring blend of art, history, and world-class cuisine.
A statement says that this acquisition “further strengthens Equity Residences’ portfolio of exceptional holiday residences in premier international destinations, with London and Rome the next targets for the luxury Euro Fund.”
A spokesperson comments: “Our investors are increasingly seeking opportunities that combine exceptional lifestyle experiences with strong investment principles.
“The Equity Euro Fund builds on our successful track record by expanding into Europe’s most desirable destinations, and the Florence acquisition exemplifies the type of curated homes we aim to offer.
“This marks an exciting first step for the fund and reflects investor confidence in our model.”
The Equity Euro Fund, launched in October 2025, targets high-quality residences in prime European markets, providing investors with exclusive access to luxury homes while benefiting from potential capital appreciation over the fund’s ten-to-twelve-year life cycle.
This acquisition marks the fund’s first transaction and signals the start of its European expansion, following Equity Residences’ activities in North America with the Equity Villa Fund and Equity Platinum Funds.
