Transactions - JULY 31, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

BNP REIM pays €100m for central Milan office building

by Released

BNP REIM Italy SGR has acquired an office building located in Via Mazzini 9/11 in Milan for €100 million ($118 million).

The asset, which is located in the heart of the historical and financial center of Milan in a strategic position between Piazza Duomo and Piazza Missori, benefits from excellent accessibility.

The building is arranged over eight floors above ground in addition to two basement levels for a total gross leasable area of about 10,600 square meters (114,000 square feet)

The property, fully leased to a major international co-working company, has been completely refurbished to the highest modern standards only this year, obtaining the LEED Gold Certification for Core & Shell Development.

“With €3.6 billion [$4.3 billion] invested in the first half 2020, as of today the Italian real estate sector seems to be partially resilient to COVID-19 impact, with volumes circa 6 percent lower than the five years average. The second quarter tota

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.