COIMA now controls 50,000 SQM of Porta Romana district with €100 million invested to date
Milano, 29 November 2019 - COIMA SGR, Italy’s leading Real Estate investment, development and management company, today announced the acquisition of the 5,400 square meter Viale Isonzo 25 office complex for 20.9 million euros.
The investment is expected to benefit from the forthcoming regeneration of the Porta Romana Railway Yard, and COIMA plans to retain the property in its portfolio over the long term.
The property is entirely leased to four tenants: Reno de Medici, AIRC - Foundation for Cancer Research, ICOM - Institute of Osteopathy, and the previous owner Margiuno, part of the Real Margi Group, which is led by Sandro Manuli. All tenants will continue to occupy their current spaces, while COIMA will invest in energy efficiency improvements for the building.
The acquisition was carried out through the COIMA Core Fund I fund, which has already completed the adjacent Lorenzini 4 and Ripamonti 85 acquisitions this year.
COIMA SGR was advised on this transaction by the Grimaldi studies for legal matters, Maisto for tax matters, Sfera Giuridica for urban and administrative matters and Duff & Phelps REAG for technical and environmental matters. The vendor was assisted in the sales process by CBRE.