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BNP Paribas REIM SGR buys Garage Traversi in Milan

Posted: 6 December 2016

BNP Paribas REIM SGR, on behalf of Hayrish Italia’s ‘HITA1’ Real Estate fund, has purchased from Banco Popolare the property located in Via Bagutta 2 in Milan centre, known as the Garage Traversi, thus perfecting the fund’s first investment deal.

The property was purchased for a total of about €70 million with the aim of putting together a transformation and enhancement plan to reposition it on the market for office/retail use.