A joint venture of Italian office-focused property firm Beni Stabili and construction company Greenway Costruzioni has completed the purchase of a 17,000 m[sup]2[/sup] plot of land in Milan for EUR 23mln. The acquisition was initially announced in February when Beni Stabili and Greenway Costruzioni said they were launching the new 80-20 real estate development in Northern Italy. The partnership aims to purchase build-on land and medium-size properties, primarily for commercial use in Lombardy. The properties will subsequently be renovated or developed.
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