12 October 2017 Il Sole 24 Ore
Busy days for Dea Capital Re Sgr, which changed the name from Idea Fimit Sgr: first the negotiation with the big international hotel chains over a trophy assets portfolio in Rome (where new luxury hotels might rise), and now the sale of one of its reserved funds composed of five telephone exchange buildings. Four of them are located in Milan and one is in Rome for a total Gla of 20,00 Sq m and they were sold to another Italian asset manager. The consulting firm Cbre Italia assisted Dea Capital in the operation.
The four properties in Milan are located in the areas of Porta Romana, Porta Venezia, and in Corso Vercelli, while the building in Rome is in Nomentano. All the areas grant a potential repositioning of the properties once the leases expire.
“This is the confirmation of the excellent state of the Italian property market, especially in Milan, which is attracting an increasing number of Italian institutional investors as well as international, interested not only in offices and high street but also in alternative asset classes,” says Alexandre Astier, Capital Markets Cbre Italia Managing Director.
Source: Il Sole 24 Ore (by Paola Dezza)
Translator: Cristina Ambrosi