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(Visited 66 times, 1 visits today)
  • Transaction / Assets
    Offices in Rome
  • Seller
    Idea Finit
  • Buyer
    NA
  • € MM
    62.75

Atlantic2 sells offices in Rome and redeems 13.5 euro per share

 

Atlantic2-Berenice, the real estate alternative closed end investment fund managed by the asset management company Idea Finit and listed on the Miv segment of the Italian Stock Exchange, has finalized the definitive contract for the sale of the entire building, property of the fund, located between number 275-279 of Viale Regina Margherita, number 30 of Via Morgagni, and number 2 of Piazza Sassari in Rome. The property is mainly constituted by offices and it features three buildings and a shared three levels basement. It was sold for 62.75 million plus taxes. The transfer price generated a capital gain of 2.03% compared to the appraisal by an independent expert registered in the bi-annual report dated 30th June 2017 (61.5 million). After the sale, the Board of Directors of the company approved a partial redemption of 8.1 million in total corresponding to 13.5 euro for each of the 600,003 shares issued by Atlantic2-Berenice with the payment due on the 16th August 2017. The fund will also reimburse partially in advance the funding of the property sold for an amount of 38 million.

 

Source: Milano Finanza

Translator: Cristina Ambrosi