Construction work has begun on a 18,000 m[sup]2[/sup] office building att he MiNEC business park development in the north-east of Milan. The MiNEC West building has been pre-sold by Ulisse Due to a client of Wharton Asset Management for EUR 50 mln, property advisor DTZ said. DTZ and Iambic Estates advised Ulisse Due, a company jointly owned by WestLB and Barclays Bank.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
