Hamburg-based Warburg - Henderson KAG (Kapitalanlagegesellschaft für Immobilien) has announced the sale of an office building in Milan to an unnamed buyer for EUR 19 mln. The transaction reflects a gross yield of 6.5%.
Hamburg-based Warburg - Henderson KAG (Kapitalanlagegesellschaft für Immobilien) has announced the sale of an office building in Milan to an unnamed buyer for EUR 19 mln. The transaction reflects a gross yield of 6.5%.
The property was acquired in March 2005 for the company's Pan-Europa Fonds II real estate investment vehicle. It provides around 7,000 m2 of space let entirely to Vodafone as well as 93 parking spaces.
Warburg - Henderson KAG was advised by AtisReal Italia and law firm DLA Piper. Gabetti Property Solutions Agency acted for the buyer.
The Warburg - Henderson fund invests in quality commercial property assets across Europe and has a portfolio consisting of seven assets worth EUR 170 mln in four countries.
