MILAN-AXA Real Estate Investment Managers says it has acquired for a client, two prime office buildings, totaling 79,000 square feet (24,000sqm), as well as two retail buildings, totaling more than13,000 square feet (4,000sqm), at the Bodio Center business park, in Milan.
The properties were sold by Aberdeen Asset Management, for a price of $83.7 million (€63.9M), and the transaction represents AXA's largest acquisition in Italy since 2010.
The acquired buildings include the Bodio 4 and Bodio 5 office projects, as well as the Le Vela and La Stilo retail buildings. The office buildings are fully-leased to high quality tenants, including a global pharmaceutical company which operates its Italian headquarters from the property.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
