Milan, Italy

Buy-Side
Written by Catherine Rhoades
 

Project

  • Commercial building in the ancient city center of Milan  

  • Leaseable Area: 2,000 sqm 

  • Plot Size: 1,000 sqm 

  • Single tenant with BBB S&P credit rating

Value-Add

  • GREA identified and approached the buyer

  • GREA negotiated the purchase agreement

  • Coordinated the establishment of the SPV investment structure (Luxemburg SICAV, Italian S.I.F.)

  • Negotiated and arranged the purchase agreement in name of the buyer

Transaction Details

  • Transaction Volume: over EUR 30.00 million

  • Investor IRR: 6.63% p.a. over 5 years

  • Buyer: Korean Single-Family Office

  • Seller: Italian Endowment Fund 

 
Catherine Rhoades
Back

Bonn, Germany