Italy's Beni Stabili has completed the sale of an asset located in the centre of Milan close to the Duomo to an unnamed buyer for EUR 46mln. The property was part of the ex-Comit Fund portfolio which Beni Stabili bought in 2006 from the pension fund of Banca Commercial Italiana for EUR 1.1bn.
Italy's Beni Stabili has completed the sale of an asset located in the centre of Milan close to the Duomo to an unnamed buyer for EUR 46mln. The property was part of the ex-Comit Fund portfolio which Beni Stabili bought in 2006 from the pension fund of Banca Commercial Italiana for EUR 1.1bn.
Beni Stabili said that the sale followed the signing of a preliminary agreement reached in April this year. The sale price is above the property's market value of some EUR 42.5mln, it added.
Additionally, the company has sold an asset located in Venice, closed to the Accademia, for a sum of EUR 7mln.
