Kryalos SGR, managing the All Star fund backed by Blackstone, has finalised the sale of a landmark building on Piazzale Loreto in Milan to Corum AM for its Corum Eurion fund.
Designed by architect Giulio Minoletti in the late 1950s, Palazzo di Fuoco was acquired by the All Star fund in 2017. Kryalos SGR then spearheaded a transformative redevelopment between 2018 and 2023 under GBPA Architects.
The redevelopment team restored the building to its original state, highlighting the innovative features that made it groundbreaking in its era.
Spanning 11 floors and over 15,000 square metres, the property boasts fully leased office and commercial spaces occupied by premier tenants.
Source: propertyeu.info on the 19th of January
https://propertyeu.info/Nieuws/Blackstone-backed-fund-sells-iconic-Milan-building-to-Corum-AM/9f4bddf5-d262-4926-8861-5787d96eb9e4