GVA Redilco and Cushman & Wakefield advisors in the competitive process for the sale of Crespi 26
July 13, 2021
Over recent years the sustainable investment market has seen significant growth both locally and globally. Volumes are growing and the number of operators integrating ESG criteria into their strategies is increasing.

Within this trend falls the latest transaction successfully closed by the Capital Markets teams of Cushman & Wakefield and GVA Redilco, who assisted Hines as advisor in the sale of ’Crespi 26’, an independent, modern building in Milan.

In line with the group's ESG investment policy, BNP Paribas REIM has acquired the office complex, which hosts the Milan headquarters of a group of luxury goods manufacturers with a consolidated tradition, and which was the first asset in Italy to be certified HQE (Haute Qualité Environnementale).

The building, set within a landscaped area, has an ’L’ -shaped floor plan and comprises five floors above ground and two basement floors housing warehouses, plant rooms and parking spaces.

The asset is located semicentrally in the northern quadrant of Milan, in one of the best connected and accessible areas of the city. Close to Piazzale Maciachini, the area is rich with amenities and features numerous office, residential, commercial and hospitality buildings.

This deal represents an example of what investors are looking for today on the Italian marketplace: income generating assets which can guarantee constant rental flows and are both efficient and sustainable.