Agent JLL has been mandated to sell a prime office scheme in the city centre of Milan for what is believed to be a record low yield of 4%.

duomo

Duomo

The asset, known as Europa 2, provides around 6,200 m2 of office space over seven floors and 2,000 m2 of retail space on the ground floor.

Located near the Duomo, the building is is owned by the Italian Borromeo family and is over 90% leased.

Prime yields in Milan stood at 4.5% at year-end 2015.