Kryalos SGR acquires two Milan office buildings for €137m (IT)

Kryalos SGR acquires two office buildings in Milan for €137m (IT)

Covivio has completed the sale of two office buildings in Milan, located in via Principe Amedeo, 5 and via Scarsellini, 14, to Fondo Thesaurus, managed by Kryalos SGR, for a total amount of €137m.


The first building, located in via Principe Amedeo near the metro station Turati, has been completely redeveloped by Covivio in 2018 and fully leased to multiple tenants, including the law firm Gattai, Minoli, Agostinelli & Partners. The second building, in via Scarsellini, was built in 2010 and is located in the northern suburb of Milan, near the metro station Affori, with Aviva as the main tenant.


"This transaction confirms the positive dynamics of the Milan market and marks the pursuit of our strategy through asset rotation: selling mature assets in the portfolio in order to reinvest profits in the development of new assets in strategic areas in the city of Milan," said Alexei Dal Pastro, CEO Italy of Covivio. 

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