DEGI reinvests office proceeds in EUR 204 mln factory outlet

German real estate manager DEGI has ploughed the proceeds of what has been described as Italy's largest single office transaction of 2006 into the acquisition of a factory outlet centre in northern Italy. DEGI purchased the 'Franciacorta Outlet Village' in Rodengo Saino near Brescia in northern Italy from a consortium comprising the development firms Gruppo Stilo and Craig Realty, as well as Italian financial investor Primavera.

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