IVG Institutional Funds has acquired the new office development Edificio J in Milan for EUR 27mln from a Milanese developer. Savills acted for the vendor.
IVG Institutional Funds has acquired the new office development Edificio J in Milan for EUR 27mln from a Milanese developer. Savills acted for the vendor.
The 5,700 m2 office property was completed in the second half of 2007 by the developer and is currently vacant with a rental guarantee in place. The 13-storey property which includes parking for 50 cars is situated close to the Vodafone offices in a micro-location in Milan.
