Cromwell has sold the Piazza Affari 2 office building in Milan on behalf of Cromwell European REIT

The transaction is the first major step in CEREIT’s previously stated strategy to divest non-core and non-strategic assets over the next 2-3 years for reuse in CEREIT’s refurbishment program and asset growth.

The property was built in the 1930s and renovated in 2017. Affari is an office building located in the central business district of Milan, with a usable lettable area of ​​723 sqm. m., eight above-ground floors and two basement levels, with a BREEAM rating of “Very Good”.

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