Partners Group acquires two office properties in Italy for €233m
Partners Group has completed the acquisition of two prime office properties in Milan, on behalf of its clients, through a secondary transaction. The seller was Unicredito Immobiliare Uno, an Italian closed-end real estate vehicle. The combined value of both properties, Via Monte Rosa 91 and Viale Sarca 222, is €233 million ($263.95 million).
The acquired properties provide high-quality cash flows and feature long-term lease contracts.
Via Monte Rosa 91 is considered one of the most iconic Milanese office assets, designed by Renzo Piano. Tenants include Il Sole 24 Ore, a leading Italian publishing company, as well as PricewaterhouseCoopers.
Viale Sarca 222 had been converted from a former industrial property into an office building that is the headquarters of Pirelli & C. S.p.A., an international tire company.
According to Partners Group, the firm’s real estate secondary team offered a tailored liquidity solution in one of the s