Deka Immobilien has purchased an office complex in Milan for around 鈧�115 mln.
Deka Immobilien has purchased an office complex in Milan for around 鈧�115 mln.
The vendor of the MAC 5,6,7 scheme was Doughty Hanson & Co European Real Estate II.
Deka is adding the property to the portfolio of its open-ended real estate mutual fund, Deka-ImmobilienEuropa.
The property is located in the Maciachini submarket of northern Milan, around five kilometers from the historic city center.
The complex of three partially connected office buildings was completed in 2010 and offers around 33,000 m2 of leasable space and 272 parking places. It has received British BREEAM certification for sustainable construction. The main tenant is Hearst Magazines Italia, a subsidiary of the New York Hearst media group.
