BNP Paribas REIM sells office asset in Milan for EUR 23m

By A staff reporter 2009-04-13T00:00:00

BNP Paribas REIM's Portfolio Immobiliare Crescita fund in liquidation has clinched its first sale with the disposal of an office building near Milan to the Mediolanum Real Estate fund for around EUR 23 mln. The transaction price is 8.37% higher than the property's value at end-December 2008, the company said.

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