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Access here alternative investment news about Patrizia Expands Italian Portfolio With Palazzo Montedoria Office Acquisition | News | Ipe Ra
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Patrizia Expands Italian Portfolio With Palazzo Montedoria Office Acquisition | News | Ipe Ra

by realassets.ipe.com posted 1week ago 16 views
The 6,000sqm asset was bought from BNP Paribas REIM for a single investor fund. : Patrizia Immobilien has bought a 6,000sqm Milan office building from BNP Paribas REIM for one of its single investor funds. The pan-European real estate investor said it has acquired the Palazzo Montedoria office building in the new central business business district of Porta Nuova. The acqusition amount was undisclosed but the manager said the deal increases Patrizia’s assets under management (AUM) in Italy to €530m, and takes its pan-European office AUM to around €14.5bn.