Italian real estate investment trust Beni Stabili SIIQ has announced the sale of a retail building located at Milan's Via Verri. The transaction price of EUR 31 mln is in line with the property's book and market value. In a statement, Beni Stabili said it has reimbursed the existing EUR 20 mln bank loan on the asset, which was bought in 2008 from Gruppo Zegna for EUR 28 mln. The property offers 1,000 m[sup]2[/sup] of fully let space.
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