GVA Redilco advisor in the sale of an income-generating multifunctional high-tech property
June 3, 2021
Although the office and logistics sectors still account for a large part of total investment volumes, the interest of institutional investors in ‘alternativeassets in Italy has grown in recent months. In Q1 2021, 5% of the amount transacted related to this segment, which recorded investments for a value of € 400 million and the closing of Italy’s first data center deals.
In this scenario, GVA Redilco acted as advisor in the sale to a prime institutional investor of a multifunctional complex owned by a leading Italian company operating in the real estate sector.

The asset, fully let to a leading European telecommunications multinational, consists of two independent buildings, respectively comprising 5 and 3 floors above ground in addition to a basement, for a total area of over 9,000 sqm. The complex also has an outdoor area of about 1,000 sqm used as a garden and for parking.

Located in via Lancetti 23, in the north-west of Milan, the property is placed in a rapidly evolving context of strategic interest for the future development of the city, in between Porta Nuova, the new CBD, and the former Scalo Farini, which will be the subject of a thorough transformation and regeneration.
The area, which is easily accessible thanks to the proximity of the Maciachini metro station, the Garibaldi and Centrale railway stations and the main road communication routes, has a strong business and residential vocation.

We expect the growth in investments in high-tech buildings, which began in recent years, to continue, thanks to the profound process of digitalization which is currently underway.