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GWM Group invests in sale and leaseback of PSA Peugeot Citroën’s Milan HQ

Wed, 30/04/2014 - 14:06

GWM Group has invested, through the real estate fund Pegasus, in two office buildings located in Milan, in Via Gattamelata and Via Gallarate, sold by companies of the PSA Peugeot Citroën group.

The acquisition, Pegasus’s first transaction, is part of an investment strategy to acquire real estate properties across Italy able to generate good returns, thanks to high-profile lessees.
 
Following the sale, PSA Peugeot Citroën signed two long-term leasing contracts on both properties.
 
Pegasus is a real estate fund incorporated under Italian law and managed by Investire Immobiliare Sgr. It aims to invest EUR250 million on behalf of clients and foreign institutional investment funds managed and/or advised by GWM Group.


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