By Richard Hook2018-07-12T11:39:00
Principal Real Estate Europe has acquired an office property in Milan’s prime office district from Amundi Real Estate Italia SGR on behalf of its Principal European Office Fund.
Acquired for €34m (£30m), at a net initial yield of 4.4%, the 75,000 sq ft office building is located at Via Giovanni Battista Pirelli 18, between the Porta Nuova central business district and the central railway station in Milan. It is fully let to AccorHotels Italia as its corporate HQ on an unexpired lease term of four and a half years.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.