Realty Lab advises AXA fund on Milan property disposal

Realty Lab, the Milan-based real estate brokerage partnership between Roberto Nicosia and Alessandro Manetti, has advised AXA Real Estate's European Office Income Venture (EOIV) fund on the disposal of an office block in Milan, for EUR 45.5 mln.

The buyer was Mediolanum Real Estate, a fund managed by the Italian asset management company Mediolanum Gestione Fondi.

The 30,000-m² office complex, located in the Western semi-central area of Milan and fully let, occupies the block surrounded by Via Montecuccoli, Via Nizzoli, Via Giò Ponti and Via Severoli.

Realty Lab acted as exclusive advisor for AXA Real Estate, while Mediolanum Gestione Fondi wasn't represented by any advisor. Gabriele Capecchi (Legance Studio Legale Associato) was legal advisor to AXA Real Estate, while Mediolanum Gestione Fondi utilized their own legal counsel.

AXA Real Estate Investment Managers (AXA Real Estate) a wholly-owned subsidiary of the AXA IM Group, is a specialist in real estate worldwide with over EUR 38.2 bn of assets under management as at end-March 2010.

Mediolanum Gestione Fondi, established in 1985 and part of the Gruppo Bancario Mediolanum, is the asset management company that supplies and administers the assets of mutual funds as well as a pension fund and real estate funds, including Mediolanum Real Estate.

Realty Lab is an independent real estate consultancy and brokerage firm based in Milan, founded in 2009 with the aim of being recognized in the market as a real estate boutique.

The partners, Roberto Nicosia and Alessandro Manetti, are two professionals with over twenty years experience in the real estate market, with previous experiences respectively in Pirelli Real Estate and in GE Real Estate Italy.