Italian bank Unicredit has sold EUR 640 mln worth of property to a new real estate fund managed by Fimit, Italian financial newspaper Il Sole 24 Ore reported this week. The company plans to transfer around 180 office buildings with a value of EUR 640 mln to the fund in September. The properties generate an annual rent of some EUR 38 mln, the paper added.
Italian bank Unicredit has sold EUR 640 mln worth of property to a new real estate fund managed by Fimit, Italian financial newspaper Il Sole 24 Ore reported this week. The company plans to transfer around 180 office buildings with a value of EUR 640 mln to the fund in September. The properties generate an annual rent of some EUR 38 mln, the paper added.
Last year Unicredit carried out a similar operation with the sale of 72 properties to Fimit's Omicron Plus fund for a total of EUR 930 mln.
