BNP Paribas REIM Italy SGR, on behalf of OPCI BNP Paribas Diversipierre, has completed the acquisition of Bodio Center in Milan, Italy. The business park has a gross area of over 80,000m² and consists of 5 office buildings and 2 buildings for service activities. The scheme is LEED Gold and BREEAM Good certified. The transaction represents the second acquisition completed in 2020 by BNP Paribas REIM Italy SGR, bringing the total volume of investments for the year to over €300m. In addition, BNP Paribas REIM Italy SGR has recently signed a preliminary purchase agreement for a further €100m, which is expected to be completed by the end of the year.
Dominique Jones, CEO and General Manager of BNP Paribas REIM Italy SGR said: "I am proud that our SGR, on behalf of the OPCI BNP Paribas Diversipierre, has completed the acquisition of Bodio Center, not only because of the sustainable, efficient and versatile characteristics of the business park, but also because this deal represents one of the largest transactions carried out in Italy this year, demonstrating our willingness and determination to continue to invest in the real estate of Milan and Italy more in general".
Vincenzo Nocerino, Chief Investment Officer of BNP Paribas REIM Italy SGR added: "Despite the economic uncertainty generated by the health emergency, Milan is still an important place to invest in, with a long-term perspective. In this context, the acquisition of the Bodio Center is characterized by a great potential linked to the urban development of the city. The building complex is in fact located within an area that should represent the natural evolution of the Porta Nuova district once the project to convert the railway stations will get underway".
Alexandra Kanickova, Head of Office Capital Markets at BNP Paribas RE Advisory Italy said: "We are particularly proud to have supported BNP Paribas REIM Italy SGR in all the phases of the Bodio Center acquisition process, facing a particularly competitive process and the environment in a historical moment complicated by the Covid-19 emergency. This operation is a demonstration of the strength of our Group, capable of offering 360° solutions to real estate investors".
