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March 09, 2017

GVA Redilco advises Hines Italy on trophy acquisition and a private client on portfolio disposal

GVA Worldwide affiliate, GVA Redilco advises Hines Italy on the acquisition of a trophy asset in Milan city centre and a private client on the disposal of a portfolio consisting of five buildings.

GVA Redilco has successfully advised Hines Italy on the €100m purchase of their new building in Milan via Orefici, just a few steps from piazza Cordusio, ex Luxottica HQ.

The space, which will be completely refurbished, is currently vacant and has a GLA of approximately 12,000 sq. m. GVA Redilco has been retained by its client to rent the office and retail space, which is well-suited for tenants requiring international standards.

GVA Redilco has also advised a private client on the sale of a portfolio, acquired from a leading international institutional investor. The portfolio sold for a total of €52m.

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