Italian property company Beni Stabili has completed the sale of an office building in Milan's Corso di Porta Nuova 1 to an unnamed private investor for EUR 73.5 mln. The sale price compares to an appraised value at end-June 2008 of EUR 71 mln. The preliminary sale agreement for the 10,400 m[sup]2[/sup] property was signed in May 2008.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
