Italian property company Beni Stabili has completed the sale of an office building in Milan's Corso di Porta Nuova 1 to an unnamed private investor for EUR 73.5 mln. The sale price compares to an appraised value at end-June 2008 of EUR 71 mln. The preliminary sale agreement for the 10,400 m[sup]2[/sup] property was signed in May 2008.
Italian property company Beni Stabili has completed the sale of an office building in Milan's Corso di Porta Nuova 1 to an unnamed private investor for EUR 73.5 mln. The sale price compares to an appraised value at end-June 2008 of EUR 71 mln. The preliminary sale agreement for the 10,400 m2 property was signed in May 2008.
Beni Stabili also signed a preliminary agreement for the sale of an office building in Rome to a private investor for EUR 11.5 mln. The asset is fully let generating a yield of 5.3%.The company said it signed preliminary sale agreements for a total value of EUR 386 mln last year, disposing of 19 properties.
