Prelios SGR has signed a lease on the building in Corso Matteotti 5 in Milan with Houlihan Lokey SpA – a world-leading investment bank – through Fondo Immobiliare primo RE, a real estate fund held entirely by the Cassa Nazionale di Previdenza e Assistenza dei Dottori Commercialisti (CNPADC).
Houlihan Lokey will move to the new Italian head office consisting of premises of 1,300 square meters in the building in Corso Matteotti 5 – acquired by Fondo Immobiliare primo RE in December 2020 – which has undergone a major refurbishment. Upgraded to comply with the latest workplace standards and smart working concepts, the offices alternate highly flexible workstations in an open space with meeting rooms and collaborative areas.
The property, with a gross surface area of around 2,500 square meters, is a prestigious historic building from the 1930s, designed by architect Emilio Lancia, one of the leading exponents of the “Novecento” style. Located in a strategic position at the heart of Milan's fashion district, it overlooks the intersection between the elegant streets of Corso Matteotti and Via San Pietro all’Orto.
Alessandro Busci, Fund Management Director at Prelios SGR, commented: “We take great pride in this deal, which consolidates Prelios SGR's leadership as a top real estate asset manager in Italy, whose know-how has won international recognition. The deal also allows the Fondo Immobiliare primo RE fund to continue its investment strategy aimed at consolidating its position on the main Italian property markets through the purchase of high-profile assets.”
The operation was completed with the assistance of commercial advisors Realty Lab for Prelios SGR and CBRE for Houlihan Lokey SpA.