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BNP Paribas REIM buys Deloitte HQ in Milan for €115M

BNP Paribas Real Estate Investment Management paid €115 million to SIGNA Funds for the Deloitte headquarters in Milan.

The purchase was made on behalf of its alternative real estate fund Concepto that targets commercial buildings for institutional investors. Deloitte fully occupies the 28,000 square meters of office space in the property.

BNP Paribas sought advice from Savills, REAAS e Habitech Distretto Tecnologico Trentino and legal firms Gianni-Origoni-Grippo-Cappelli Partners and Studio Pirola Pennuto Zei & Associati for the transaction.