Dils alongside Generali Real Estate in the sale by Europ Assistance Italy of an office building located in Milan to BC Partners European Real Estate 2 and Kervis Group

Dils has managed the competitive sales process, on behalf of Generali Real Estate SpA advisor to Europ Assistance Italy, of an office to BC Partners European Real Estate 2 and Kervis Group.

The real estate complex comprising five buildings is located in the Porta Romana area of Milan overlooking Piazza Trento, Via Crema and Via Trebbia, and occupies a total area of over 9,000 sqm.

The building previously housed the Italian headquarters of Europ Assistance, a prime insurance company belonging to the Generali group, which recently moved its offices to Assago Milanofiori.

The investor will carry out an extensive mixed-use office and residential redevelopment.

The deal, which has just been completed, further confirms the attractiveness of the area adjacent to the Scalo di Porta Romana. This area is recording a growing volume of investments, thanks to urban regeneration plans and to new real estate developments involving the entire district.