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Cromwell Property Acquires Milan Office Asset For Korean Investor | News | Ipe Ra

by realassets.ipe.com posted 1month ago 17 views
Cromwell is buying the Pirelli Tyre facility for Korea Investment Management. : Cromwell Property Group expects further single-asset mandates from Asian, the manager said today as it announced the acquisition of a 22,700sqm office asset in Milan on behalf of a new Korean partner. IPE Real Assets understands that Cromwell, on behalf of Korea Investment Management, is paying around €90m to buy the Pirelli Tyre facility in Milan from the Kryalos SGR managed All Star fund. Following the transaction, Cromwell now manages 19 assets in Italy valued at €560m, covering over 370,000sqm and let to more than 50 tenants.

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