DeA Capital acquires Italian office portfolio for €122m

Italian asset manager DeA Capital Real Estate has acquired two office assets in Milan and signed an agreement for an office in Rome from Kryalos for over €122 mln.

The deal was struck on behalf of the Ippocrate fund, a closed-end alternative real estate investment vehicle managed by DeA.

The two Milan properties, 13/15 Corso di Porta Romana and 7/9 Piazza Velasca have been recently connected to form a single tenancy, currently leased to a market consulting company.

The property at 54 Via Veneto in Rome is entirely leased to international co-working firm Spaces.

DeA Capital secured the portfolio deal in a competitive sales process organised by Kryalos. All three assets were held in the Kryalos All Star fund.

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