Macquarie Asset Management acquires office building in Milan’s Porta Romana district
Macquarie Asset Management has acquired an office building in central Milan for approximately €119 million through an Italian real estate fund. The investment was on behalf of a managed account. The historic property in the Porta Romana district spans 20,600 square meters and was previously owned by All Star, a fund managed by Kryalos SGR and sponsored by funds managed by Blackstone. Built in the early 1900s it was fully renovated in 2020 to incorporate modern design and sustainability standards...