Italy's Coima has sold an office asset in Milan's central business district, in Corso Europa 16, hitherto held in the Coima Argo Fund I.
Situated near Piazza San Babila and Corso Vittorio Emanuele, the historic premises is home to a slate of prestigious clients from the world of finance, culture and luxury retail, according to Coima.
Known as Palazzo Litta Cusini Modignani, the property was built in the 15th century as a residence for nobility. Its four floors above ground develop around a courtyard, occupying an area of about 5,900 m2.
The property underwent major refurbishments under previous ownership, which made it functional and contemporary whilst preserving the original architecture, including the square porticoed courtyard and main staircase.
Corso Europa is currently undergoing a broader refurbishment, including the creation of the new M4 metro line, which will connect Piazza San Babila directly with Milan Linate airport.
Real estate advisory Dils brokered the deal on behalf of Coima.
Source: propertyeu.info on the 4th of July