Sansedoni sells office building for EUR 20m

By A staff reporter 2009-01-30T00:00:00+00:00

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.