Benson Elliot has acquired Segreen Business Park in Milan, Italy, from the Opera fund, enhancing its investment portfolio with a prime asset featuring strong multinational tenants and sustainability credentials.

Information on the Target

Segreen Business Park is a prominent asset located in Milan, Italy, consisting of two Class-A office buildings that collectively span 27,000 square meters. The facility also includes a parking lot with capacity for over 900 vehicles. Strategically situated at Via San Bovio 3, the park has achieved notable environmental accolades, having earned LEED Gold and Platinum certifications from 2011 to 2013. Currently, the park is home to major multinational corporations such as Kraft Heinz, Lenovo, and Zimmer Biomet, which occupy approximately 90% of the office space.

Industry Overview in Italy

The Italian real estate market, particularly within the commercial sector, has shown a robust trend in recent years. Particularly, Milan has established itself as a significant hub for business and finance in Europe. After a challenging economic phase, Milan's office market has witnessed strong demand, driven by a resurgence in economic activity and foreign investments.

In addition, the city's strategic initiatives aimed at urban revitalization and sustainability have spurred interest in green buildings—like those found at Segreen Business Park. With high