Deka Immobilien GmbH has purchased the MAC 5,6,7 office complex in Milan for approximately €115m from Doughty Hanson & Co European Real Estate II LP. The property will be placed in the portfolio of the open-ended real estate mutual fund, Deka-ImmobilienEuropa.
The complex of three partially connected office buildings was completed in 2010 and offers approximately 33,000m² of leasable space and 272 parking places. It has received British BREEAM certification for sustainable construction. The office space can be partitioned as needed and is currently leased to 10 tenants from different sectors. The main tenant is Hearst Magazines Italia, a subsidiary of the New York Hearst media group.
The property is located in the Maciachini submarket of northern Milan, approximately 5km from the historic city centre. The submarket is an established office location in Italy's main financial centre and offers good access to public and private transport.
