Investietico, a closed-end property fund managed by Italian listed real estate company Aedes, is acquiring a 10,000 m[sup]2[/sup] healthcare property in Milan for EUR 24.5 mln. The purchase of the property from Polo Geriatrico Riabilitativo of Milan is scheduled for completion in January 2008.

Investietico, a closed-end property fund managed by Italian listed real estate company Aedes, is acquiring a 10,000 m2 healthcare property in Milan for EUR 24.5 mln. The purchase of the property from Polo Geriatrico Riabilitativo of Milan is scheduled for completion in January 2008.

Following the acquisition, Investietico has 11 properties in its EUR 220 mln portfolio. The fund focuses on acquiring healthcare buildings in the Lombardy region.