Prelios Agency advisor on a property deal in Turin

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.”