Home / News / Industry News / Cromwell Property acquires Milan office asset for Korean investor

Cromwell Property acquires Milan office asset for Korean investor

Cromwell Property Group expects further single-asset mandates from Asia, 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.

IPE Real Assets – 03 April 2019