PropertyEU

Fimit closes EUR 850m purchase of Intesa Sanpaolo's real estate

By A staff reporter 2009-01-05T00:00:00

Italian fund manager Fimit has completed the acquisition of 284 properties from bank Intesa Sanpaolo for a total of EUR 850 mln. The assets, which offer over 420,000 m[sup]2[/sup] of commercial space, were transferred before the New Year to Fimit's Omega real estate fund. Fimit said it is retaining around ...

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