PropertyEU

Beni Stabili buys Milan tower for EUR 23m

By A staff reporter 2009-11-23T00:00:00

Italian property company Beni Stabili said it has signed an agreement to acquire the D tower of the Procaccini business park located in Via Messina, Milan, for a total of nearly EUR 23 mln, including transaction costs of EUR 3 mln. The transaction reflects a gross yield of around 7%.

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