Beni Stabili has signed a preliminary agreement for the sale of two properties from Comit Fund portfolio to Investitori & Partner Immobiliari - owned by Toro Assicurazioni, Galotti, Gefim, Reva, Gruppo De Agostini and Paolo Cantarella. The properties, which are both located in Milan, are for mixed office and industrial use, and are fully vacant. The sale price is 38 million, compared with book value of 35.5 million.
The two properties purchased by Inpartner come from the "non-residential" segment of the Comit Fund portfolio acquired last 13 July at 806 million, which following this second sale will be reduced from 699 million to 663,5 million.
"We are extremely pleased as the sale of this second sale of properties means that we have now disposed of 60% of the "non-residential/non-core" component of the Comit Fund portfolio," commented the Group's joint Managing Directors, Aldo Mazzocco and Massimo de Meo. "We are currently looking at a number of opportunities in respect of the residential portion, a process that we expect to give rise to further transactions before the end of the year."
Source: Beni Stabili