Published
Jan 11, 2016
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Meyer Bergman fund invests in Milan shopping street

Published
Jan 11, 2016

A fund advised by Meyer Bergman, the real estate investment manager, has acquired four vacant buildings in Milan. The buildings have "prime corner frontage" onto Milanese shopping street Corso Buenos Aires.

Photo: Turismo Milano


The fund acquired 59 Corso Buenos Aires and 2, 4 and 6 Via Errico Petrella from two companies owned by institutional shareholders, and now plans to redevelop the four buildings. They comprise a total of 26,000 sqm., two-thirds of which are apartments. The terms of the purchase have not been disclosed.

Paulo Sarmento, Principal at Meyer Bergman, said: “This investment fits perfectly with the fund’s strategy of targeting High Street properties in the main retail destinations of Europe’s major cities. Offering an extensive façade on Corso Buenos Aires, this is a tremendous redevelopment opportunity, since large retail units are in such short supply on this major shopping street.”

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