Italy's Beni Stabili Gestioni has completed the acquisition of a logistics property in Rutigliano, near Bari in Southern Italy, for some EUR 22 mln. Located in the PIP Adelfia industrial area, the new property provides a gross surface area of some 25,000 m[sup]2[/sup] and is fully let. The transaction volume reflects a gross yield of 7.3%. The asset is earmarked for Beni Stabili's closed-end real estate investment fund Immobilium 2001.
Italy's Beni Stabili Gestioni has completed the acquisition of a logistics property in Rutigliano, near Bari in Southern Italy, for some EUR 22 mln. Located in the PIP Adelfia industrial area, the new property provides a gross surface area of some 25,000 m2 and is fully let. The transaction volume reflects a gross yield of 7.3%. The asset is earmarked for Beni Stabili's closed-end real estate investment fund Immobilium 2001.
'This acquisition will enable quotaholders to benefit from the inclusion in the portfolio of an asset with an interesting running yield, as well as the investment of the cash available to the Fund following the recent divestments,' said CEO Terenzio Cugia di Sant'Orsola.
