Italian asset manager Antirion sgr has emerged as the buyer of the Pirelli Tyre headquarters at Viale Piero e Alberto Pirelli 25 in Milan.
The office complex, known as HQ2 and fully let to Pirelli Tyre, was acquired by Antirion on behalf of the Antirion Global Comparto Core fund, which is invested by Fondazione Enpam, the Italian pension fund for doctors. The property was bought from the AI 2 Italie fund, managed by Savills Investment Management Sgr.
Opened in 2005, the asset sits in the heart of the Bicocca district area, and provides 28,000 m2 of total gross area. It is the main access point to the wider Pirelli Campus and boasts a BREEAM - ‘Very Good’ energy certificate.
‘HQ2 captured the attention of a variety of investors, international and national alike, who were attracted by the long-term rental proposition in this flexible modern office building. This transaction confirms the appeal of the Milanese real estate market to investors who are keenly seeking core assets in highly established locations,’ commented Marco Montosi, head of Investment, Savills Italy, which advised the vendor together with Dils.
