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Coima Res wraps up purchase of 2 Milan properties

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Coima Res wraps up purchase of 2 Milan properties

Coima Res SpA SIIQ acquired two properties that serve as headquarters for Microsoft Corp. and Koninklijke Philips NV in Milan's Porta Nuova and Bicocca districts, respectively.

The purchase prices of the two transactions reflect respective property valuations of €97.5 million and €60.7 million.

Coima Core Fund VI bought the shares of funds that own the two assets, putting the company's look-through investments in the Microsoft and Philips headquarters at 83.0% and 77.9%, respectively.