Italian property developer Risanamento said on Monday that it has signed a preliminary agreement to sell its flagship Milano Santa Giulia project in Milan to Bi Pi Elle Real Estate for an undisclosed amount. As part of the agreement, the company said it has received an initial payment of around EUR 100 mln. The transaction is expected to close by 31 March 2009.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
