BNP Paribas REIM acquires an office complex in the greater CBD of Milan
BNP Paribas REIM announces the acquisition of “Viale Stelvio”, a state-of-the-art office complex designed by the architects Rolando Gantes and Roberto Morisi.
The architectural landmark is located in the greater CBD of Milan with an excellent connection to the public transport. The building is fully let and is the Headquarters of an important Insurance Group. The property features almost 15,000 sq.m of total office area, offering Class A office accommodation by displaying a flexible and high-quality working environment to its tenant.
BNP Paribas REIM acquired the property with an investment volume of ca. 42 Million EUR on behalf of its Real Estate fund “Fundamenta” managed by BNP Paribas REIM Italy. The “Fundamenta” Real Estate Fund is the separate account for BNP Paribas Cardif for their core investments in Italy.
BNP Paribas REIM has been advised by the legal firm Orrick, Herrington & Sutcliffe LLP and by the technical advisor REAAS S.p.A. – Real Estate Asset & Assurance Service.