/CEREIT

Cromwell European Reit bags at least 50% pre-leasing commitment for Italy office

If the project remains on course, completion will be reached by December 2023.

Singapore REIT Cromwell European Real Estate Investment Trust (CEREIT) obtained an unconditional leasing commitment of about 50% of the lettable area of its Via Nervesa 21 Grade-A office redevelopment in Milan, Italy.

The commitment was acquired by a tenant-customer from a leading major communications company and will get a long lease term in a competitive market rent rate for an estimated 4,350 sqm.

Located in Porta Romana, Vie Nervesa 21, the edifice was reconstructed to the highest grade ESG certification standards LEED Platinum and WELL Gold. Presently, the developers recycled about 95% of the pre-existing materials.

Additional features of the site are four external elevators, a 5,300 sqm greenspace, bicycle facilities, 230 parking lots with six electric vehicle charging stations, exhibition spaces and an urban gardening area.

The project hopes to fill the redeveloped office with tenants by the first three months of 2024. CEREIT said if construction were to remain on track, the project should be completed by end of this year.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!