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offices Market News: Italian Real Estate Intelligence

Kryalos sold an office building in Milan to Macquarie for €119 mln
17 November, Monitor Immobiliare Through its closed-end real estate investment fund All Star, Kryalos Sgr sold to Macquarie Asset Management an office building in Porta Romana, Milan, for €119 million. Built at the beginning of the 20th century and completely renovated in 2020, the asset complies with all the sustainability criteria and is BREEAM certified. The building covers 20,600 Sqm and is leased to companies operating in the fintech, green energy and food & beverage sectors. Kryalos will continue to manage the asset on behalf of the buyer. Source: Monitor Immobiliare Translator: Cristina Ambrosi
Acquired two office buildings in Milan by Enpaia and Generali for €188 mln
05 October, Monitor Immobiliare Enpaia finalised the agreement to co-invest with Generali Real Estate and Brioschi Sviluppo Immobiliare in two newly-built office buildings in Assago (Milan) for €188 million. The assets, named U1 and U3, were built in 2021, cover respectively 31,000 Sqm and 11,000 Sqm and are leased long-term to Accenture and Bnp Paribas. Source: Monitor Immobiliare Translator: Cristina Ambrosi