Dils and Cushman & Wakefield alongside Kryalos SGR in the sale of “Palazzo di Fuoco” located in Piazzale Loreto, Milan.

Dils and Cushman & Wakefield acted as advisors to Kryalos SGR, on behalf of the 'All Star' Fund, in the sale of an iconic mixed-use building – located in Piazzale Loreto, Milan – to Corum AM on behalf of the Corum Eurion Fund.

Palazzo di Fuoco, one of the most famous works of the architect Giulio Minoletti, built in the late 1950s, was completely redeveloped between 2018 and 2023 based on a very ambitious project entrusted to GBPA Architects. The property spans 11 above-ground floors, occupies a total area of over 15,000 square meters for office and commercial use, and is fully leased to tenants of primary standing.

Palazzo di Fuoco, thanks to the recent renovation, meets the highest sustainability standards and has obtained the BREEAM-IN-USE Excellent certification and it aims to obtain the LEED Platinum certificate.

Palazzo di Fuoco represents one of the city's gateways, perfectly positioned between Porta Venezia, NoLo, Central Station, and Corso Buenos Aires. It also benefits from a direct connection to the two subway lines (Loreto - M1 and M2) and different surface transport options. The area is currently considered one of the main ‘Milanese’ shopping destinations and will also benefit from a significant urban regeneration project, “LOC 2026”, which will involve Piazzale Loreto with the goal of repositioning the square as a new hub of aggregation. It will host a mix of commercial activities, citizen services, and green spaces.