BNP Paribas REIM acquires Milan office property for €50m (IT)

BNP Paribas REIM acquires Milan office property for €50m (IT)

BNP Paribas REIM has acquired Via Agnello, a state-of-the-art office complex in Milan for c. €50m. The asset, fully let to a leading law firm, is located in the CBD of Milan next to Piazza Duomo, Teatro Alla Scala and Corso Vittorio Emanuele, the prime retail area of the city.

 

The property features almost 4,400m² of total office area, offering a flexible and high-quality working environment to its tenant. Built in the 1940s, the asset has undergone major refurbishment and modernisation works and became one of the most attracting office buildings in the city centre.

 

BNP Paribas REIM has been advised by the legal firm Legance Avvocati Associati and by the technical advisor REAAS S.p.A. BNP Paribas REIM finalized three acquisitions in Italy in the first half of 2018: in addition to the Via Agnello deal, the company acquired Viale Stelvio in Milan and Via Gaurico in Rome. The total transaction volume (acquisitions and disposals) completed by the company in Italy in the first half of 2018 totals c.€260m.

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