GVA Redilco advises Hines Italy on trophy acquisition and a private client on portfolio disposal

Type News

Date 09/03/2017

GVA Worldwide affiliate, GVA Redilco advises Hines Italy on the acquisition of a trophy asset in Milan city centre and a private client on the disposal of a portfolio consisting of five buildings.

GVA Redilco has successfully advised Hines Italy on the €100m purchase of their new building in Milan via Orefici, just a few steps from piazza Cordusio, ex Luxottica HQ.

The space, which will be completely refurbished, is currently vacant and has a GLA of approximately 12,000 sq. m. GVA Redilco has been retained by its client to rent the office and retail space, which is well-suited for tenants requiring international standards.

GVA Redilco has also advised a private client on the sale of a portfolio, acquired from a leading international institutional investor. The portfolio sold for a total of €52m.

Two of the buildings, both with a surface area of 25,000 sq. m (for logistics use) are located in the Province of Rome and Pavia. The other three buildings, which are fully let, are for office use and are located in Milan, Rome and Brescia.