Prelios Agency and GVA Redilco lease deal on free-standing office building in the Bassi Business Park in Milan

Jan 24 2020

Prelios Agency and GVA Redilco have successfully closed a lease deal on a free-standing office building in the Bassi Business Park in Via Ugo Bassi, in Milan's Isola/Porta Nuova district. The building is owned by the Tiepolo Fund managed by Generali Real Estate S.p.A., a real estate asset manager.

GVA Redilco assisted the owner under the terms of an exclusive marketing engagement, while Prelios Agency acted as advisor to the tenant, a major Italian group and leading player in the entertainment sector, which plans to transfer its new headquarters to Via Bassi.

The agreement concerns the Bassi 6 building, with approximately 7,500 sq.m of office space. The building will undergo a full restructuring as part of a project that will gradually be extended to the entire Bassi Business Park, with a view to obtaining Class A certification and the LEED Gold environmental protocol.

GVA Redilco has an exclusive engagement to market the 13,000 sq.m still available in the Bassi 8 building, which is expected to be completed by the end of 2022.