PropertyEU
Italian lender sells Rome office asset for EUR 130m
Date: 17 October 2011
Category: Office
Italian lender Monte dei Paschi di Siena has sold an office building located opposite Rome's Coliseum to a closed-end fund managed by Mittel Real Estate. The transaction price amounts to EUR 130 mln.

The building - which formerly housed Italy's central tax collection agency - offers 36,000 m2 total space. The deal generates a gross capital gain of EUR 34 mln, the bank said.
 
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