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offices Market News: Spanish Real Estate Intelligence

Kryalos acquired on behalf of Allianz an office building in Milan city centre for 140 mln from Crédit Agricole
26 May, Monitor Immobiliare Allianz Real Estate, through the Kryalos fund Kensington, entered a preliminary purchase agreement with Crédit Agricole Italia for a building in Milan city centre for 140 million with a sale and lease back operation. The asset is located in Via Armorari, near Piazza Cordusio, and develops over six floors for a total gross surface of 10,800 Sq m. Crédit Agricole Italia will continue occupying the building. Source: Monitor Immobiliare Translator: Cristina Ambrosi
 
Vittoria Assicurazioni completed two acquisitions from York Capital and Stoneweg for 400 million in total
16 May, Il Sole 24 Ore Vittoria Assicurazioni has recently completed an acquisition from York Capital and Stoneweg for a total value of 400 million euro. The operation concerns two assets in Rome and Monza and a 51% share in the Pegasus Fund, which holds the Eni HQ Palazzo Quinto in San Donato Milanese. Meanwhile, York Capital and Stoneweg acquired from Vittoria Assicurazioni four real estate developments. The four projects consist of 60 units in Parma, two complexes in Rome, and 200 units already built in Peschiera Borromeo (Milan). Source: Il Sole 24 Ore Translator: Cristina Ambrosi