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offices Market News: Spanish Real Estate Intelligence

Allianz acquired a prime asset in Rome from Dea Capital RE Sgr for 200 mln €
7 August, Monitor Immobiliare Allianz Real Estate signed the final contract for the acquisition of a prime asset located in Via dell’Arte, Rome, from a closed-end real estate investment fund managed by DeA Capital Real Estate SGR. The asset was bought for 200 million euro, and it consists of a multi-tenant office complex of three buildings, fully let, covering a surface of 30,828 Sq m. The building was entirely renovated by Dea Capital RE Sgr and is LEED-certified. Source: Monitor Immobiliare Translator: Cristina Ambrosi
Kryalos SGR and Castlelake sold 100% of Titan Fund
5 August, Kryalos SGR Kryalos, together with Castlelake, completed the sale of 100% of the alternative real estate investment fund Titan. The fund held a property located in Viale Sarca, Milan, which, following the completion of a built-to-suit project, was leased to Pirelli in February 2020 through a sale & leaseback operation. The asset covers a surface of 11,000 Sq m. With the addition of the new building 120, Pirelli has then completed its campus in Bicocca which accommodates the learning centre and meeting rooms. Source: Kryalos SGR Translator: Cristina Ambrosi