Spazio Investment, a real estate investment company focused on the Italian industrial property market, said on Thursday it had made two acquisitions worth a total of EUR 32 mln. The average gross initial yield of the transaction is 8.1%. The fund also said it has signed two binding sale agreements on a total 79,000 m[sup]2[/sup] of space for EUR 22 mln. The deal reflects a gross exit yield of 8.5%.
Spazio Investment, a real estate investment company focused on the Italian industrial property market, said on Thursday it had made two acquisitions worth a total of EUR 32 mln. The average gross initial yield of the transaction is 8.1%. The fund also said it has signed two binding sale agreements on a total 79,000 m2 of space for EUR 22 mln. The deal reflects a gross exit yield of 8.5%.
Spazio, which on Thursday announced its annual results, said it hopes to deliver a dividend up 10% on 2007 this year. The company plans to make investments of up to EUR 200 mln in 2008 depending on market conditions.