BNP Paribas Real Estate Investment Management Italy SGR has completed the sale process of a prime office asset, situated in the CBD Duomo of Milan, on behalf of the AIF named Concepto, a real estate alternative investment fund reserved to professional investors.
The fund is a 50 percent joint venture between the OPCI BNP Paribas Diversipierre and the AIF named Fundamenta, entirely owned by BNP Paribas Cardif.
The asset, which features a total area of more than 11,000 square meters (118,000 square feet) developed on eight floors and two basement levels, is located in Via Mazzini 9/11, a prime office location in the heart of the historical and financial center of Milan.
Built in 1935, the asset was acquired by Concepto in August 2020, right after the completion of the refurbishment works that brought the property to the highest modern and environmental standards, making it a certified LEED Gold asset.
The building is fully leased to WeWork. With this buildi
