Rome, December 23, 2019
Today DeA Capital Real Estate SGR S.p.A. – through one of its closed-end real estate alternative investment funds reserved for professional investors – acquired, after participating in a competitive bidding process, Galleria Passerella, a real estate complex located in Milan's central business district, located a short walk from Corso Vittorio Emanuele and Piazza San Babila and near the famous fashion district.
The purchase price is more than €280 million. It is one of the most important acquisitions of the year in the European real estate market.
Galleria Passarella is a real estate complex located in the heart of Milan's high street retail area and consists of two buildings for office and retail use, owned by a wholly owned subsidiary of Goldman Sachs.
The properties were fully renovated in 2019 and then certified "Leed Gold" and "Well". Today the property complex is leased to eleven tenants of high standing.