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(Visited 61 times, 1 visits today)
  • Transaction / Assets
    Three properties in Milan
  • Seller
    Bnp Paribas Reims sgr
  • Buyer
    NA
  • € MM
    15.11

The trust fund Milano II sells three properties for 15 million

04 December, Milano Finanza

The property fund Comune di Milano II, managed by Bnp Paribas Reims sgr, sold to local operator three properties located in Milan in Via Zecca Vecchia, Valpetrosa 6 and Scaldasole n.10-12. The sale was adjudicated through an auction for the price of 15.11 million euro. The sale allows continuing with the requalification plan of the diversified property portfolio. Incorporated in 2010 through the transfer from the City of Milan of 65 real estate assets for an initial value of about 119 million euro, whit this sale, the fund has disinvested properties for a total value of 59 million euro.

Source: Milano Finanza

Translator: Cristina Ambrosi