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Report: COIMA SGR fund buys Milan building for €130M

Real estate investment fund manager COIMA SGR SpA, through COIMA Opportunity Fund II, acquired a 35,000-square-meter building in Milan for €130 million, IPE Real Assets reported.

Deka Immobilien Europa was the seller of Telecom Italia's former headquarters at Via Pirelli 35 in the Porta Nuova district.

The property will be subject to a re-qualification plan to be integrated within the broader urban regeneration program for the district.