Schroders Property Investment Management Italy announced the first acquisition for the Schroders Italian Property Fund 2: a modern office building of some 12,300 m² (gross), situated in San Donato, Milan.
This investment provides the Fund with an attractive yield and security from the excellent tenant covenants. Agents Cushman & Wakefield and the law firm DLA Piper acted on behalf of the purchaser in this transaction.
Schroders has so far raised 180 million of equity which will enable Fund 2 to invest roughly 450 Million in Italian retail, office and logistic properties.
Source: Schroders