Italian bank Intesa Sanpaolo is planning to sell property assets valued at some EUR 300 mln in the coming two to three years, the lender said in a statement. The disposals are part of Intesa's 2007-2009 plan, aimed at optimising the management of its EUR 6 bn property portfolio. The proceeds of the sale will be used to fund construction of the lender's new head office in Turin.
Italian bank Intesa Sanpaolo is planning to sell property assets valued at some EUR 300 mln in the coming two to three years, the lender said in a statement. The disposals are part of Intesa's 2007-2009 plan, aimed at optimising the management of its EUR 6 bn property portfolio. The proceeds of the sale will be used to fund construction of the lender's new head office in Turin.
