Schroder Property Investment Management Italy (on behalf of Schroder Italy Fund N1) has sold a 32,000-m² logistic center located in Basiano near Milan, fully let to a primary international tenant, to Pramerica Real Investors (on behalf of BTI Fund).
The 32,000-m² logistic center is located in Basiano near Milan.
The sale, which totals circa 26.8 million and a gross ingoing yield of around 7.87% follows the sale of three office buildings in Rome and Milan in November 2008 for a total amount of around 200 million.
Cushman & Wakefield was advisor for Schroder.
Source: Schroder Property Investment Management (Italy) Srl