22 December, Bnp Paribas press release
The team Capital Markets of BNP Paribas Real Estate Advosry Italy has assisted Invesco in the off-market acquisition of an office in Via Crocefisso 27, in the old town of Milan.
The property has a GLA of 6,000 Sq m and is fully rented and located near the Basiliche park, close to the new line 4 metro stations.
Daniele Martignetti, Head of Capital markets of BNP Paribas Real Estate Advisory Italy comments: “Having completed an off-market operation between an institution and a private operator is a great accomplishment for BNP RE Advisory. This transaction confirms one of the new trends that we’ll see again in the upcoming months also in other asset classes such as high street retail, that is the consolidation of institutional investors through the acquisition of strategic properties, also owned by private companies. Milan has been throughout 2017 one of the favourite destinations in Europe, with total investments for over 3 billion euro estimated by the end of the year.
Source: Bnp Paribas press release
Translator: Cristina Ambrosi