Macquarie Asset Management has bought a 鈧�63m office asset in Italy on behalf of its pan-European real estate strategy.
The manager said it has bought the 6,000sqm Corso Europa 12 asset in Milan on behalf of the Macquarie GLL pan-European property strategy. The eight-storey office building has retail units on the ground floor.
Christian Goebel, co-head of Macquarie Asset Management鈥檚 real estate team in Europe, said: 鈥淢ilan is one of Europe鈥檚 most important financial hubs 鈥� home to the largest banking groups, most of Italy鈥檚 Fortune 500 countries and the country鈥檚 stock exchange.
鈥淲e believe in the long-term need for high-quality office space and see strong potential in Corso Europa 12鈥檚 rental growth and its tenants鈥� ability to attract the best talent.鈥�
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