Prelios Sgr: Preliminary Agreement Signed for the Sale of 6 Properties to Ardian Real Estate

Feb 16 2017

Milan, 16 February 2017 - Cloe Fondo Uffici, a reserved real estate AIF established in 2004 and specialized in the service-office sector, managed by Prelios SGR S.p.A., entered into a preliminary purchase agreement for the sale of a property portfolio with Ardian Real Estate, an independent private equity investment company.

The property portfolio object of the preliminary agreement consists of 6 office buildings with a gross surface area of 91,000 square metres. Among these, three assets are located in Milan: Corso Italia 13, Via Washington 70, Strada 4, Palazzo A, Assago; two are located in Rome: Via Colombo 80, Via V. Veneto 89; and one building, the smallest of the six properties, is located in the province of Bari.

Cloe Fondo Uffici has a property portfolio consisting of properties for office use located in major Italian cities and has, among its subscribers, national and international institutional investors of high standing.

Andrea Cornetti, General Manager of Prelios SGR, stated: “The overall yield of Cloe Fondo Uffici has been excellent, to the full satisfaction of the unit-holders, thanks to the quality of the portfolio and the asset management activities performed by Prelios SGR in these years. We are pleased that Ardian Real Estate’s first investment in Italy is the acquisition of a property portfolio managed by our Company, once again confirming the leadership of our SGR in efficiently managing real estate investment funds”.

Prelios SGR was assisted in the competitive sale process by its advisor, Lazard S.r.l.

Cloe Fondo Uffici, a reserved real estate AIF established in 2004 and specialized in the service-office sector, managed by Prelios SGR S.p.A., entered into a preliminary purchase agreement for the sale of a property portfolio with Ardian Real Estate, an independent private equity investment company.

The property portfolio object of the preliminary agreement consists of 6 office buildings with a gross surface area of 91,000 square metres. Among these, three assets are located in Milan: Corso Italia 13, Via Washington 70, Strada 4, Palazzo A, Assago; two are located in Rome: Via Colombo 80, Via V. Veneto 89; and one building, the smallest of the six properties, is located in the province of Bari.

Cloe Fondo Uffici has a property portfolio consisting of properties for office use located in major Italian cities and has, among its subscribers, national and international institutional investors of high standing.

Andrea Cornetti, General Manager of Prelios SGR, stated: “The overall yield of Cloe Fondo Uffici has been excellent, to the full satisfaction of the unit-holders, thanks to the quality of the portfolio and the asset management activities performed by Prelios SGR in these years. We are pleased that Ardian Real Estate’s first investment in Italy is the acquisition of a property portfolio managed by our Company, once again confirming the leadership of our SGR in efficiently managing real estate investment funds”.

Prelios SGR was assisted in the competitive sale process by its advisor, Lazard S.r.l.