Cushman & Wakefield (C&W) has been hired by US developer-investor Tishman Speyer to market the Credit Suisse headquarters in Milan, PropertyEU has learned. C&W has declined to comment.
Cushman & Wakefield (C&W) has been hired by US developer-investor Tishman Speyer to market the Credit Suisse headquarters in Milan, PropertyEU has learned. C&W has declined to comment.
But, according to well-informed market sources, the building at Via Santa Margherita 3 is expected to fetch some €120 mln, and will likely attract bids from sovereign wealth funds and insurance companies looking for a core, long-term investment in Italy.
The 12,300 m2 asset is multi-let to bank Credit Suisse First Boston as well as law firm Linklaters and BPVN. Currently fully let, the property was completely refurbished by Tishman Speyer in 2006.
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