Italy
Portugal
One of the most significant real estate office transactions in Milan in 2023
Dils acted as advisor to Goldman Sachs Asset Management in the sale, to an Italian private investor, of a portion of a prestigious complex known as San Babila Business Centre, located on Corso Vittorio Emanuele II 24-28 in Milan.
The building, spanning 8 floors above-ground with a gross area of approx. 9,700 square meters, was originally designed by BBPR and successively renovated in 2021 by the renowned Citterio-Viel studio. Thanks to a recent refurbishment, the asset has achieved significant certifications, including LEED Gold and WELL Silver, thus promoting a sustainable vision and ensuring high-quality standards in the working environment.
San Babila Business Centre benefits from a strategic location in the heart of the city’s Central Business District (CBD). Currently, the area is in the midst of a revitalization phase thanks to an ambitious urban redevelopment project between San Babila and Largo Augusto, which includes the creation of a pedestrian area extending to Corso Europa, Via Durini, and Via Verziere. The restyling plan is significantly enhancing the area’s appeal, especially given its immediate proximity to the M1 and M3 metro lines, as well as the brand-new M4 line, which offers a direct connection to Linate Airport in under 15 minutes, only 7 stops away.
Milan continues to be a highly attractive destination for private investors, who are currently among the most active players in the Office sector market, preferring assets in strategic locations with high-quality standards.
