Beni Stabili sells commercial portfolio in Northern Italy

Italy's Beni Stabili Gestioni announced on Tuesday that it has completed the sale of a commercial real estate portfolio leased by supermarket chain Unes. The buyer of the portfolio, which was owned through the Invest Real Security fund, was not disclosed. The transaction involves six buildings for commercial use, with a total surface of 7,250 m2, located mainly in Northern Italy. The acquisition price comes to EUR 15 mln, including a capital gain of EUR 3 mln, Beni Stabili said. The assets were acquired in 2004 for about EUR 12 mln.

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