Caam Real Estate Italia, the manager of the closed-end property funds Caam Re Italia and Caam Re Europa, has agreed to sell a logistics platform in Basiano, near Milan, to an undisclosed investor. The transaction price of EUR 24.5 mln represents a 17% discount on the price Caam initially paid for the asset (EUR 29.5 mln). The transaction is expected to be completed within the next 30 days.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
