The private pension fund of Italian banking group Unicredit has mandated Jones Lang LaSalle to sell an office building in central Milan.

The private pension fund of Italian banking group Unicredit has mandated Jones Lang LaSalle to sell an office building in central Milan.

The asset, 20 Vittor Pisani, is located near the city's main train station. It provides nearly 11,000 m2 of office space over nine storeys and is entirely let to law firm Studio Pirola Pennuto Zei & Associati through to August 2021.

JLL did not give an indication of the guiding price but said the asset has already attracted interest from a number of national and international investors. 'This is one of the most important investment opportunities in Milan at present,' the broker said.

Last month, Chinese conglomerate Fosun inked the acquisition of Unicredit's former headquarters in Milan, outbidding a joint venture of asset manager Hines and the Abu Dhabi sovereign wealth fund ADIA.

Fosun paid €345 mln for the historic building, which is known as Palazzo Broggi and was formerly used by Unicredit as its headquarters before the lender relocated to a new tower in Porta Nuova.

The deal - the largest trophy asset to change hands in Italy in years - is believed to represent Fosun's first foray into the European property market.