Invesco Real Estate has acquired an office complex in Milan from Coima Res for €40 million, as established in the preliminary agreement signed in July.
The complex in Via Deruta 19 consists of two buildings, seven and eight floors above ground respectively, with around 13,000 square metres of commercial area.
The property previously housed the offices of BNL BNP-Paribas Group with about 900 employees. Built in 2007, the two buildings will undergo a total redevelopment in line with the highest ESG standards. The Grade A spaces will allow for maximum flexibility, suitable for both multi and mono tenant, and benefiting from parking, ample green spaces and amenities.
The property has immediate access to both downtown Milan and the A4 and A51 highways. It is easily accessible by public and private transportation, due to its proximity to the SQUARE METRES subway stations Udine and Lambrate, and to Milan's Lambrate FS and Centrale stations. The sale of the Deruta property is in line with Coima Res’s strategy of rotation of mature, non-core and non-strategic properties, freeing up capital for new investments, namely acquisitions and restructuring of existing property. CBRE assisted Invesco Real Estate in the acquisition.
Source: property.eu on the 19th of September 2022
https://propertyeu.info/Nieuws/Invesco-Real-Estate-picks-up-Milan-office-for-40m/001550de-59cd-45b8-8b7e-b923c4d08c7c