Investment Portfolio - Sky Complex, Milan | Lendlease Global Commercial REIT

Sky Complex boasts an enviable location. Housed in one of Milan’s upcoming business districts, Milano Santa Giulia, and adjacent to the Rogoredo high-speed rail station, the office development is just 7.5 kilometres from the Milano Linate Airport. The complex comprises three main buildings and a connection known as The Link, with a total NLA of 913,564¹ sq ft. Buildings 1 and 2 were completed in 2008 and Building 3 was completed in 2015. All three office buildings have Grade A office building specifications and are LEED Gold certified. The buildings are designed in accordance with energy saving criteria and high use flexibility. 

Sky Complex is fully leased to Sky Italia, a subsidiary of Comcast Corporation – one of the world’s largest broadcasting and cable television companies by revenue, with an annual rental step-up in line with 75% of The Italian National Institute of Statistics consumer price index variation.

TYPE
Grade A Office, comprises three buildings: Building 1: Six storeys above ground, two basement levels
Building 2: Eight storeys above ground
Building 3: Seven storeys above ground, two basement levels

PARKING LOTS
501

NLA (SQ FT)
913,564¹

OWNERSHIP
100% (freehold)

OCCUPANCY
72.6%

Information as at 31 December 2023

¹ Based on weighted gross leasable area.