The Capital Market team of Prelios Agency, the Prelios Group company specialized in real estate advisory and intermediation, acted as advisor on the sale of an income-earning property in Corso Massimo D’Azeglio, 25, in Turin.
The property, an office block, has been purchased by the GERAS real estate fund managed by REAM SGR.
It consists of a single building with a total surface area of more than 4,300 square meters distributed over three storeys and a basement with 30 parking spaces. Located to the south of the city center close to the Valentino Park, the building occupies a strategic position next to the Dante subway station providing convenient links to the Porta Nuova and Lingotto train stations.
The property – occupied entirely by a leading diagnostic medical center with a multi-year lease – has undergone restructuring and extension work in the communal areas and the basement.
Nicola Giorgini, Capital Market Director at Prelios Agency: "This transaction consolidates Prelios Agency’s role as an advisor active in locations like Turin as well as in the real estate sector's leading cities, Milan and Rome, in a competitive market environment for institutional investors. It is also an important signal of continuity with respect to the growing flow of investments in properties leased to important healthcare players.”