Construction work has begun on a 18,000 m[sup]2[/sup] office building att he MiNEC business park development in the north-east of Milan. The MiNEC West building has been pre-sold by Ulisse Due to a client of Wharton Asset Management for EUR 50 mln, property advisor DTZ said. DTZ and Iambic Estates advised Ulisse Due, a company jointly owned by WestLB and Barclays Bank.
Construction work has begun on a 18,000 m2 office building att he MiNEC business park development in the north-east of Milan. The MiNEC West building has been pre-sold by Ulisse Due to a client of Wharton Asset Management for EUR 50 mln, property advisor DTZ said. DTZ and Iambic Estates advised Ulisse Due, a company jointly owned by WestLB and Barclays Bank.
Once construction is completed in September 2008, MiNEC West will provide 'magnificent air-conditioned offices with secure basement parking for 440 vehicles,' DTZ said. It is the first tower of a twin nine-storey office development in Borgoverde, a mixed-use environmentally- friendly project spread over 22 hectares in the north-east of Milan. Borgoverde includes an 11-hectare landscape park, nearly 1,100 apartments, plus shops, restaurants, shops and other facilities.
