Henderson Park enters Italian market with €221m acquisition

Henderson Park has acquired a portfolio of three well located assets in Milan for €221.1 million ($250 million). The office-led portfolio has been acquired from Italian utility firm A2A, which currently occupies the properties and is due to fully vacate two of the assets immediately, with a planned departure from the third in around three years. This transaction is Henderson Park’s first in Italy and further extends its reach across key European cities.

Henderson Park looking to reposition the properties.

The largest property in the portfolio, Corso di Porta Vittoria 4, is an 18,000-square-meter (193,750-square-foot) standalone office building, which occupies an entire block within Milan’s historic city center just five minutes from the world-famous Duomo. Originally constructed in the 1940s, the six-story office building has entrances on each of its four sides and an underground parking garage. While the property is well maintained and in good condition, it pre