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Torre Sgr buys hotels in Milan for 8.3 mln

Posted: 2 June 2017

Torre Sgr on behalf of the real estate fund Opportunità Italia bought a hotel property in Milan for €8.3 mln.

The property has a total area of approximately 4,600 square meters and was subject to a restructuring operation completed in April.

The property consists of seven floors above ground for a total of 55 rooms and a basement.

At the time of purchase, Opi signed a lease of eighteen years, renewable for an additional eighteen years, with an annual fee of € 460,000.