Beni Stabili closes acquisition of a building complex in Milan (IT)

Following the agreement signed on 9 June of this year, regarding the purchase of a building complex in Milan's Galleria del Corso, located close to Corso Vittorio Emanuele, Sviluppi Immobiliari, a subsidiary of Beni Stabili, has partially completed the transaction by purchasing a part of the complex, including two cinemas and a number of shops, for €41.2 million.

The purchase of the remaining shops will be completed by the end of September 2006.

The complex currently houses two cinemas and several shops, occupying a total covered area of approximately 6,000 m², and has a total price of €49.5 million.

Source: Beni Stabili

Related News