Sold sign

Cushman & Wakefield advises Tishman Speyer on Milan office building sale

Fri, 11/07/2014 - 10:04

Cushman & Wakefield, acting on behalf of Tishman Speyer, has completed the sale of a trophy office building asset situated in the heart of Milan, between La Scala and Piazza Duomo.

The property comprising circa 15,000 sq m is the headquarters of Credit Suisse Investment Bank and was sold to a Middle Eastern investor.
 
Giacomo De Feo, at Cushman & Wakefield who advised on the deal, says: “The depth of demand for this trophy building was remarkable and highlights Milan’s attractiveness for new international capital entering the market.”
 
Stephen Screene, head of capital markets Italy, says: “All European gateway cities are now seeing increased interest from global capital and the sale of this core asset at a significant price highlights the continued rebound in Southern Europe.”


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