Kryalos SGR has expanded its collection of office properties in the heart of Milan by purchasing the office building located at Piazza Affari, 2. This property, previously owned by Cromwell Property Group, is fully occupied by tenants, as reported by Monitorimmobiliare.
Spanning across 12,000 square meters and spread over 8 floors, the asset offers attractive features such as terraces and panoramic views of Milan’s skyline.
The building holds the prestigious BREEAM In-Use Very Good certification and is now part of a newly established alternative real estate investment fund managed by Kryalos SGR. This fund follows a Core+ risk/return strategy, aiming to provide investors with stable and enhanced returns.
Kryalos SGR enlisted the legal support of Clifford Chance, whose multidisciplinary team assisted in the acquisition process, covering various aspects including real estate, regulatory compliance, and taxation matters. This collaboration ensured a smooth and well-structured transaction for Kryalos SGR’s expansion in the Milan office property market.
Dils, Yard Reaas, and CBRE acted as advisors to Cromwell Property Group.