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(Visited 160 times, 1 visits today)
  • Transaction / Assets
    Office building in Milan
  • Seller
    NA
  • Buyer
    Prelios
  • € MM
    34

Prelios Agency finalised the transaction for a building in 22 Corso Europa in Milan

03 August, Prelios

The Capital Market team of Prelios Agency managed the sale of a building located in Milan at number 22 of Corso Europa for approximately 34 million euro.

The property is in the city centre, close to San Babila and Duomo, in an area undergoing requalification activities and of great interesting for institutional investors.

The entire building in Corso Europa is occupied by commercial activities and offices, and it’s let to prime tenants. The property has a surface of 2,700 Sq m, and it develops on seven floors above ground. The building was sold by five among private and institutional sellers to a property fund of Prelios Sgr.

Nicola Giorgini, Head of Capital Market for Prelios Agency, commented: “In the present market, where the significant amount of capitals can hardly find available core products, this operation confirms the importance of creating new investment opportunities aligned with the objectives of the various institutional investors looking to invest in Milan. The building in Corso Europa is one of such operations, combining stability with future revaluation opportunities”.

Source: Prelios

Translator: Cristina Ambrosi