Patrizia enters Italy with €37m Milan office buy

German listed property firm Patrizia Immobilien has made its first foray in the Italian property market with the acquisition of an office building at Via Pergolesi 25 in Milan for nearly €37 mln.

The building, also known as Palazzo Montedoria, was designed by architect Giò Ponti and delivered in 1970. It boasts a BREEAM environmentally-sustainable rating.

JLL advised Patrizia on the deal.


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