Europe

Hines takes Milan offices for €50m

Hines has acquired a prime office complex valued at €50m (£41m) in Milan from Finint SGR.

The 11,000 sq m (118,403 sq ft) Via Broletto complex in the Brera district is the fourth property the firm has bought in Italy since January.

Earlier this year, Hines bought a €78m high street retail property in Florence and a €55m mixed-use building in Milan’s Via Dante.

Glasgow retail block sold

Hines eyes alternative Europe

Hines makes first foray into the student market

With the addition of the Via Broletto complex, which was the former site of Gucci’s Milan headquarters, Hines’ Italian portfolio now includes over 1.5m sq ft of office space.

Mario Abbadessa, managing director and Italy head for Hines, said: “The investment in Via Broletto reinforces the intention of Hines to establish a long-term platform in Italy focused on investment in existing assets, located in permanent prime locations, to be re-used through a value-added approach.”

Other News

Tech City guide: Lisbon

It’s not San Francisco, but it has a bridge and a tech buzz to match. Historic, quaint and ramshackle, Lisbon is everything its stateside counterpart… Read more »

E Europe

How to achieve the best returns in London

Brexit was widely perceived as a vote against London’s dominance and, in the immediate-term, was expected to have a deleterious effect on the market as… Read more »

E Europe

Top tips for the capital’s overseas investors

Overseas investors are accounting for an increasing number of UK property transactions and, with the devaluation in sterling, the UK property market is set to… Read more »

E Europe