Principal Real Estate Europe buys an office building in Milan

Posted: 17 July 2018

Principal Real Estate Europe, on behalf of its Principal European Office Fund, has acquired a property for directional use, in one of Milan’s main business districts by Amundi Real Estate Italia SGR.

The acquisition is worth € 34 million.

Located in Milan in Via Giovanni Battista Pirelli 18, between the Porta Nuova area and the Central Station, the building of about 7,000 square meters is completely leased to a leading international company with a lease contract with a residual term of 4.5 years.