Deka Immobilien said it has bought an office property in Milan for around EUR 28 mln from BNP Paribas REIM SGR for its Deka-S-PropertyFund No. 1. The acquisition was executed through a joint venture with Henderson Global Investors specialising in Italian investments.
Deka Immobilien said it has bought an office property in Milan for around EUR 28 mln from BNP Paribas REIM SGR for its Deka-S-PropertyFund No. 1. The acquisition was executed through a joint venture with Henderson Global Investors specialising in Italian investments.
The Class A property dates from 1980 and comprises around 15,000 m2 of lettable space over six flexible floors as well as 250 parking spaces. It is fully let to Telecom Italia which refurbished the building in 2005 and 2006.
