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offices Market News: Italian Real Estate Intelligence

Barings sold an office building in Milan
19 September, Bebeez British asset manager Barings sold an entire building in Viale Cassala, Milan, to a German institutional investor. Recently requalified, the asset covers 8,700 Sqm and is close to Porta Genova metro station. The property is leased long-term to three tenants, while the lease agreements for the retail part of the building are currently in progress. Source: Bebeez Translator: Cristina Ambrosi
 
Generali Real Estate acquired Cortile della Seta in Milan
19 September, Monitor Immobiliare Generali Real Estate completed the acquisition of Cortile della Seta, a mixed-use trophy asset located in the Brera district of Milan. The area consists of office space for 19,000 Sqm and 2,000 Sqm of retail space, including terraces covering 1,400 Sqm on different levels. The property is leased long-term to companies such as LVMH and Kering. Cortile della Seta had been entirely renovated by the seller and is WELL Core Platinum- and LEED Gold-certified. Source: Monitor Immobiliare Translator: Cristina Ambrosi