Commerz Real leases out 2,300 square metres in Edison Center near Milan
Commerz Real has concluded two lease agreements for a total of 2,300 square metres in its office property “The Edison Center” in Sesto San Giovanni near Milan. Some 1,700 square metres have been leased for six years to RS Components, an international multi-channel provider of industrial and electronic products and solutions. RS Components will have its Italian headquarters there in the future. Furthermore, the sitting tenant Trend Micro, a global company for IT security solutions for networks and cloud systems, extended its lease agreement for approx. 600 square metres for a further six years.
“The Edison Center” was acquired in 2007 by Commerz Real for its open-ended real estate fund hausInvest and completed in 2009. The three buildings in the corporate campus have 32,600 square metres of office space and 515 car parking spaces; they have a direct connection to Milan central station and the city centre via the underground line M1. In addition, the periphery of Milan is easily reached via the A4 and A54 motorways.
Commerz Real was advised on the leasing process by Realty Lab and Panzarini e Soci Studio Legale. In Italy Commerz Real currently manages a real estate portfolio encompassing four office properties and a shopping centre with a value of around 790 million euros.