Palazzo Tornabuoni, a private residence club located in central Florence, Italy, which opened earlier this year, is showing signs of out-performing the downturn in the property market.

Developed by RDM (the real estate division of Florence-based Fingen Group), and Kitebrook Partners of Washington DC, Palazzo Tornabuoni co-owner and co-developer Byrne Murphy has announced plans to release a select number of apartments onto the market, with immediate effect. The move, which comes as Palazzo Tornabuoni enters its second phase, is due to the success Tornabuoni has achieved to date in selling out its first phase, and the significant interest it has received in the whole ownership of apartments.

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Tags: apartments, Fingen Group, florence, Four Seasons Hotels and Resorts, Italy, ownership, Palazzo Tornabuoni, private residence club, RDM