Global property owner Tishman Speyer has won a public tender for the Telecom head office located in Milan for EUR 82 mln. Tishman Speyer competed in the tender with other prominent groups such as Beni Stabili, Pirelli RE, the Carlyle Group, Generali Property Investments and Gruppo Ligresti.

Global property owner Tishman Speyer has won a public tender for the Telecom head office located in Milan for EUR 82 mln. Tishman Speyer competed in the tender with other prominent groups such as Beni Stabili, Pirelli RE, the Carlyle Group, Generali Property Investments and Gruppo Ligresti.

The building, located in Piazza Affari, the square housing the Italian stock exchange, was sold by Tiglio II, an Italian property company. Telecom Italia has a 49% interest in Tiglo a joint venture between Pirelli RE and Morgan Stanley owns the remainder.