Prelios, formerly known as Pirelli Re, has sold the historic building located at Milan's Piazza Duomo housing major Italian department store, La Rinascente, for €472 million. According to an announcement of Prelios, the company’s fund ‘retail & entertainment’ has sold the building, totally occupied by La Rinascente, to Ippocrate-First Atlantic Sgr, another retail estate fund, operated by First Atlantic. The whole location area includes two blocks connected together. The premises have an area of 52,584sqm in total of which 23.419sqm make up the sales area.