PropertyEU

Tecla fund sells three assets for EUR 21m

By A staff reporter 2008-06-19T00:00:00

Tecla Fondo Uffici, a Milan-listed investment fund managed by Pirelli Real Estate, has sold three buildings in Milan (two assets) and Rome for a total EUR 21mln. In a statement, Pirelli RE said the assets have been sold to an Italian institutional investor for a net yield of 6.5%.

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