PropertyEU

Beni Stabili purchases EUR 23m site in Milan

By A staff reporter 2008-02-14T00:00:00

Beni Stabili’s joint venture company with Greenway Costruzioni has signed an agreement to purchase a 17, 000 m[sup]2[/sup] site in Milan for some EUR 22.9 mln. According to the statement, the company will finance the acquisition with a target leverage of 60%, with closing at the end of April 2008.

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