A Swiss family office based in Zurich has acquired an office building in Milan from the private real estate closed-end property mutual investment fund managed by Dea Capital.
The office complex is located in via Sile 18 in Milan and was sold in a competitive process.
Financial details were not disclosed.
The asset, partially let to prime tenants, comprises three buildings connected to each other for a total area of around 11,000 m2, and features flexible and efficient spaces.
Located in the south-east quadrant of Milan, characterised by ongoing transformations and urban regeneration plans, the asset is close to the MM3 Corvetto metro station, which stands 200 m away.
GVA Redilco advised DeA Capital on the sale. According to the advisor, the deal represents a further confirmation of the attractiveness of the area close to the Scalo Romana development, which is generating a growing volume of investments.