London-listed Spazio Investment has acquired a new office building in Milan from Italian developer Pasini Group for EUR 27.5mln. The acquisition was made through Spazio's Italian fund Spazio Industriale. Located in Sesto San Giovanni, near Milan, the new 13,100 m[sup]2[/sup] building has been developed over the last 18 months within Pasini's light industrial complex, of which Spazio already has full ownership. The office property will generate approximately EUR 2.3mln in rental income, representing a gross entry yield of 8.3%.
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