The property, which is situated in the Brera district in Milan, Italy, has been bought by Generali Real Estate.
The deal – carried out through the purchase of 100% of the units in ‘Sericon Investment Fund – Reserved Alternative Real Estate Investment Fund’, managed by Savills Investment Management SGR, sold by a fund advised by JP Morgan Asset Management.
The Sericon Investment Fund owns the trophy asset known as ‘Cortile della Seta’, a mixed-use historical building located in heart of the Brera district in the very center of Milan. It covers more than 19,000sq m of office space and 2,000sq m of retail space, with 1,400sq m of terraces across multiple floors.
