Transaction / Assets Office complex in VimercateSeller CoimaBuyer Starwood Capital Group€ MM 130
Starwood to buy Energy Park from Coima
07 December, Il Sole 24 Ore
Despite the challenges of the current financial scenario, it’s expected to be a brilliant year end for the Italian real estate market, thanks to the completion of several transactions, some of them that had been pending for quite some time due to the political uncertainties. One of the deals about to be finalised is that for Energy Park in Vimercate which Coima is about to sell to Starwood Capital.
The asset was acquired in 2015 for 118 million euro. Now, it has been allegedly put for sale for 130 million.
Energy Park is a suburban park with a surface of 61,400 Sq m for office use which was completed in 2014.
The asset would be the second purchase of Starwood Capital in Italy. The group has global assets under management for 60 billion euro. Starwood has recently bought from Investire Sgr a building to be requalified in Milan city centre.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi