Work begins on EUR 50 mln Milan office property

Construction work has begun on a 18,000 m[sup]2[/sup] office building att he MiNEC business park development in the north-east of Milan. The MiNEC West building has been pre-sold by Ulisse Due to a client of Wharton Asset Management for EUR 50 mln, property advisor DTZ said. DTZ and Iambic Estates advised Ulisse Due, a company jointly owned by WestLB and Barclays Bank.

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