Italian real estate fund management group Beni Stabili Gestioni said that it has divested a fully-let office building located at Via Sant'Evaristo in Rome for EUR 18 mln. The property was owned by the closed-end Immobilium 2001 fund, managed by Beni Stabili Gestioni.
Italian real estate fund management group Beni Stabili Gestioni said that it has divested a fully-let office building located at Via Sant'Evaristo in Rome for EUR 18 mln. The property was owned by the closed-end Immobilium 2001 fund, managed by Beni Stabili Gestioni.
The investment vehicle is generating a capital gain of nearly EUR 2 mln through the sale, the company said.
'The positive results obtained through the latest disposals for our funds confirm that the strategy of Beni Stabili Gestioni is correct and able to secure strong returns even in the current market conditions,' said Anna Pasquali, CEO of Beni Stabili Gestioni.
Earlier this year, the company sold two office buildings in Rome for EUR 33 mln on behalf of its Invest Real Security and Securfondo investment vehicles.
Beni Stabili Gestioni is the asset management unit of Milan-based office-focused group Beni Stabili. The company manages a total of 11 real estate funds for retail and institutional investors, with a total portfolio valued at EUR 1.6 bn.
