Kryalos SGR S.p.A. sold the landmark Palazzo Cordusio in Milan for €246.7 million to a consortium of investors led by Mediobanca, capitalizing on the robust demand for prime real estate in the city.
Target Information
Kryalos SGR S.p.A. has successfully executed the sale of the iconic Palazzo Cordusio in Milan, which formerly served as the headquarters for Poste Italiane. This architectural landmark has been sold for a total of €246.7 million to a consortium of private investors, coordinated by Mediobanca.
The transaction was facilitated through the real estate Alternative Investment Fund Pacific 1, managed by Kryalos SGR, which transferred the ownership to the Milan Trophy RE Fund 3. This fund is supported by a collective of investors from Mediobanca's Private Banking division.
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Industry Overview in Italy
The real estate market in Italy, particularly in Milan, continues to be robust, characterized by a diverse range of high-profile investments and a steady demand for pr
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Mediobanca
invested in
Palazzo Cordusio
in
in a Other Private Equity deal
Disclosed details
Transaction Size: $247M