REInvest Asset Management S.A. has sold the Via Caviglia office building in Milan to a local investor for an institutional real estate fund, thus further optimising the fund’s portfolio. It has been agreed to keep the sale volume confidential.
The office building, built in 1984 and measuring around 13,000 sqm, has been in the fund’s possession since 2016.
REInvest has with this transaction sold the last property of the fund’s mandate in the country. The fund is acting for an institutional German investor from the insurance sector in the form of a real estate special fund in Luxembourg.