GE Real Estate Italy has announced the acquisition of a portfolio of four offices from Europa Immobiliare No.1 for approximately EUR 122 mln. The 50,400 m[sup]2[/sup] portfolio comprises three office buildings located in Parco dei Medici, one of the most important office districts in Rome, which are let to Wind and ENEL and one Milan office property, situated in the growing office and residential district of Garibaldi Repubblica, which is let to the Regione Lombardia.
GE Real Estate Italy has announced the acquisition of a portfolio of four offices from Europa Immobiliare No.1 for approximately EUR 122 mln. The 50,400 m2 portfolio comprises three office buildings located in Parco dei Medici, one of the most important office districts in Rome, which are let to Wind and ENEL and one Milan office property, situated in the growing office and residential district of Garibaldi Repubblica, which is let to the Regione Lombardia.
This is the third transaction for GE Real Estate Italy over the last two months, following its acquisition of the Primavera retail mall in Rome and the investment into the Petrarca Fund, bringing its portfolio to EUR 600 mln in terms of equity investments, representing over EUR 1.1 bn in terms of assets.
Europa Immobiliare N.1 is a real estate fund managed by Vegagest S.G.R.
