Italian real estate firm Sansedoni has sold a property in Milan for a total of EUR 20 mln. In a statement on Friday, the group said it has signed a preliminary agreement with Baumann, a company controlled by Italian businessman Pietro Zanzucchi, to sell a 5,000 m[sup]2[/sup] office building. The transaction is expected to close by June 15, 2009.
Italian real estate firm Sansedoni has sold a property in Milan for a total of EUR 20 mln. In a statement on Friday, the group said it has signed a preliminary agreement with Baumann, a company controlled by Italian businessman Pietro Zanzucchi, to sell a 5,000 m2 office building. The transaction is expected to close by June 15, 2009.
Founded in 1999, Sansedoni is 48%-owned by Fondazione MPS, with the holding of businessman Silvano Toti controlling a 28% interest.