Commerz Real, the recently amalgamated property arm of Germany's Commerzbank, has purchased the Torre Alfa office property in Milan for one of its open-end public property funds, Hausinvest Europa. The company said it invested approximately EUR 83 mln in the ten-storey building that dates from 2003. The vendor of the fully-let building with a floor-space totalling 26,500 m[sup]2[/sup] was closed-end fund initiator Sachsenfonds.
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