COIMA RES – Acquisition of two office properties in Milan

COIMA RES has secured, through an “off market” transaction, the acquisition of two office properties in Milan, fully let, for an aggregate value of Euro 158 million at a blended EPRA Topped-up Net Initial Yield of 5.0% (EPRA Net Initial Yield of 4.5%). The two properties are the Microsoft headquarters in Milan Porta Nuova (Via Pasubio 21) valued at Euro 97.5 million and the Philips headquarters in Milan Bicocca (Viale Sarca 235) valued at Euro 60.5 million.