Italy's Beni Stabili Gestioni has completed the acquisition of a logistics property in Rutigliano, near Bari in Southern Italy, for some EUR 22 mln. Located in the PIP Adelfia industrial area, the new property provides a gross surface area of some 25,000 m[sup]2[/sup] and is fully let. The transaction volume reflects a gross yield of 7.3%. The asset is earmarked for Beni Stabili's closed-end real estate investment fund Immobilium 2001.
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